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OCII reviews FY21–22 housing production: 21,914 units planned, financing and timeline constraints highlighted
Summary
OCII staff presented a draft annual housing production report covering FY2021–22, reporting 21,914 planned units (32% affordable) and describing financing hurdles, construction delays and pipeline projects including Hunters Point Blocks 52/54 and Mission Bay South Block 9.
The Commission on Community Investment and Infrastructure heard a draft annual housing production report on April 18 that OCII staff said covers fiscal year 2021–22 and the agency’s near-term pipeline.
"Overall, there will be 21,914 housing units, of which 32% will be affordable," Elizabeth Colomello, OCII housing program manager, told commissioners. She said nearly 40% of the total units will be in Hunters Point Shipyard Phase 2 and Candlestick Point. The draft report covers the period from July 1, 2021, through June 30, 2022.
Colomello described how OCII projects typically rely on tax-exempt bonds allocated by the California Debt Limit…
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