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OCII approves preliminary official statement for Transbay affordable‑housing and infrastructure bonds
Summary
The Commission on Community Investment and Infrastructure approved a preliminary official statement allowing OCII to proceed toward issuing up to $30 million (housing) and $45 million (infrastructure) in Tax Allocation Bonds for Transbay projects; staff highlighted disclosure of climate and assessed‑value risks and projected timelines for final approval.
The Commission on Community Investment and Infrastructure on June 20 approved a preliminary official statement that clears the way for new‑money tax allocation bonds to finance Transbay affordable housing and related infrastructure.
OCII staff said the approval covers two series: a taxable Series A for affordable housing (not to exceed $30,000,000) and a tax‑exempt Series B for Transbay infrastructure (not to exceed $45,000,000). John Daigle, OCII’s senior financial analyst and debt manager, said Series A would move 537 housing units toward construction — 184 units at Transbay 2 East, 151 at Transbay 2 West and 202 in predevelopment at Transbay 4 — and Series B would fund Transbay Block 3…
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