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OCII presents $717.7 million FY2023–24 budget plan focused on affordable housing and park infrastructure
Summary
OCII gave a workshop on its FY2023–24 $717.7M budget, which prioritizes affordable housing loans and infrastructure (Transbay and Mission Bay), plans bond issuances, and flags a possible additional 5% mayoral-directed reduction in general‑fund support; commissioners questioned exposure to property‑tax appeals and staffing needs for potential project surges.
The Commission on Community Investment and Infrastructure received a workshop Tuesday on OCII's proposed FY2023–24 agency budget, which staff described as a $717.7 million plan focusing on affordable housing loans, infrastructure projects and bond issuances.
Mina Yu, the agency’s budget and project‑finance manager, told commissioners the budget includes $116 million in new affordable‑housing loans, plans for $129 million in new bond issuances and refunds, and maintains a staffing level of 55 full‑time positions. Major project‑area uses include Transbay (the largest), debt service and non‑project…
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