Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
OCII approves variation for Parcel F; developer to pay up to about $47M for Transbay affordable housing
Summary
The commission approved a variation allowing the Parcel F developer to pay an in'lieu affordable-housing fee (estimated $45'$47 million, about $243,000 per unit) to subsidize affordable housing at Transbay Block 4; the vote was 3'yes, 1'abstention and still requires Board of Supervisors approval.
The Commission on Community Investment and Infrastructure voted Jan. 19 to conditionally allow the developer of Transbay Parcel F to pay an in-lieu affordable-housing fee, instead of providing 33 moderate-income units on site. The fee was presented as a contribution of between $45 million and $47 million, sized at roughly 150% of the city's inclusionary housing fee, and is intended to subsidize approximately 192 affordable units at Transbay Block 4.
Jeff White, OCII housing program manager, explained that Parcel F's residential units are at the top floors of a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
