Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Daly City postpones Carter Martin site selection after two competing development proposals
Summary
Daly City’s housing finance agency heard competing proposals Oct. 13 for the Carter Martin (Bayshore) site — a larger, mixed‑use ‘Legacy’ plan and a smaller Human Good senior‑housing proposal — but deferred a selection and asked staff and developers for further financial, AMI and feasibility details.
Daly City’s Housing Development Finance Agency on Oct. 13 heard detailed presentations from two finalists for the Carter Martin (Bayshore) redevelopment site but did not select a developer, instead directing staff to gather comparative data and schedule a special meeting.
The two finalists offered different approaches. The Legacy team described a transit‑oriented mixed‑use vision it called “Pacific North,” originally proposing up to 400 units before signaling flexibility to a lower count. Legacy said its plan could be structured as 100% affordable housing, with roughly 75% of units targeted at 80% area median income (AMI) and the remainder at higher AMI tiers; the team estimated a total development cost near $340 million and said private equity and institutional debt would fund most of the project. Legacy representatives also projected construction employment and local spending benefits if selected.
Peggy Lichtard of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
