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OCII proposes $685.2 million FY2024–25 budget, emphasizes affordable housing and infrastructure
Summary
The Office of Community Investment and Infrastructure presented a $685.2 million proposed budget for FY2024–25 focused on affordable housing ($342.9M), infrastructure ($170.4M) and multi‑year project carryforwards. Commissioners pressed staff on contingency levels, staff vacancies and reliance on property tax versus developer reimbursements.
The Office of Community Investment and Infrastructure (OCII) presented a proposed $685.2 million budget for fiscal year 2024–25 at its April 2 commission workshop, with the largest uses earmarked for affordable housing and infrastructure projects.
OCII senior project and finance manager Mina Yu opened the presentation, saying, “It is presenting about $685,000,000 in programs and expenditures.” The proposal shows prior‑period authority — unspent, committed funds carried forward — as the single largest funding source at roughly $306 million. Major uses include $342.9 million for affordable housing, $170.4 million for infrastructure programs and a $21 million operating budget.
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