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OCII presents housing production report: 21,927 units planned, funding uncertainty remains
Summary
OCII staff told the commission that its FY22–23 housing production pipeline totals 21,927 units (32% affordable) and outlined recent site‑prep and predevelopment funding; staff warned that competitive state allocations, rising interest rates and construction costs continue to affect timing.
OCII staff presented the agency—s draft annual Housing Production Report for fiscal year 2022–23 at the Commission—s May 7 meeting, outlining pipeline totals, financing methods and recent project starts.
Elizabeth Columello, OCII housing program manager, said OCII—s project areas are expected to yield 21,927 housing units overall, of which roughly 32% are planned as affordable. She described typical AMI targeting (many OCII affordable units are below 60% AMI) and provided example rent ranges and AMI numbers used for project planning.
Columello described recent OCII funding decisions and construction starts: site preparation and gap…
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