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OCII holds workshop on SB 593 replacement housing; community advocates press for rapid, equity-focused implementation
Summary
Staff briefed the commission on SB 593 implementation steps, funding timeline (first bond issuance estimated in late 2025–2026), and priorities favoring lower AMI tiers and certificate-of-preference (COP) holders; multiple community leaders urged prioritizing areas of historic displacement and expanding homeownership and outreach to descendants.
OCII staff updated the Commission on Community Investment and Infrastructure on Senate Bill 593 — the replacement housing legislation — and sought input on priorities and next steps on Nov. 7.
Elizabeth Colomelo, OCII housing program manager, said SB 593 authorizes OCII to use a portion of tax increment financing to fund replacement housing (up to 5,842 units) subject to state law and city budget processes. Colomelo said staff currently estimate the first funds could be available in late 2025 or 2026 and that achieving the statute's full unit target would likely…
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