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OCII authorizes Transbay, affordable‑housing tax allocation bonds and approves related contract amendments
Summary
The commission approved a package authorizing new‑money tax allocation bonds (not to exceed $30M for affordable housing and $45M for Transbay infrastructure) and separately approved first amendments to bond‑related legal and advisory contracts to add an affordable housing series.
The Commission on Community Investment and Infrastructure on March 21 approved foundational documents and contract amendments to permit issuance of tax allocation bonds to finance specified affordable‑housing and Transbay infrastructure obligations.
John Daigle, OCII debt manager, told the commission the proposed Series A would support about 537 affordable units (roughly 16% of…
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