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OCII authorizes $36.25 million package for 73-unit affordable housing at Hunters Point Shipyard
Summary
The Commission on Community Investment and Infrastructure approved amended agreements and an OCII loan authorization to advance Block 56, a 73-unit, 100% affordable family rental project in the Hunters Point Shipyard Phase 1 area; staff said recent elective soil testing found no radiological risk.
The Commission on Community Investment and Infrastructure on Aug. 2 authorized amended exclusive-negotiation and lease documents plus an OCII loan authorization to advance Block 56, a 73-unit affordable rental development at Hunters Point Shipyard’s hilltop.
Housing program manager Elizabeth Colomello told commissioners the development team — led by Mercy Housing with the San Francisco Housing Development Corporation (SFHDC) as co-sponsor — is seeking approvals to align with tax‑credit and bond application cycles. She said the OCII loan authorization would provide up to $36,250,000 (inclusive of $3.5 million previously authorized) to support construction financing.
Colomello summarized environmental work at the site and presented additional elective radiological soil testing by consultant Langan. “Results indicate no contamination is present, and there is no risk to…
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