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OCII: Fiscal 2018–19 saw more than 1,000 housing completions; staff warns funding changes could hurt future projects
Summary
OCII reported 1,072 housing completions in FY 2018–19 and $51 million in related funding activity, with project‑area completion percentages and affordability targets detailed. Staff cautioned that pending state changes to competitive bond and tax‑credit allocation could disadvantage San Francisco projects in 2020.
OCII presented its annual housing production report for fiscal 2018–19 on Nov. 19, reporting a strong year for completions while flagging funding risks that could slow future projects.
Housing program manager Jeff White said OCII projects account for more than 21,000 housing units across its major project areas, with roughly 32% expected to be affordable at build‑out. For FY 2018–19, OCII recorded 1,072 completed units and 152 units that started construction, and reported $51 million in funding activity that included a predevelopment loan for Shipyard Phase 1 and a gap loan for a Mission Bay South project.
White summarized completion and affordability by project area: Shipyard Phase 1 is about 31% complete (29% affordable at build‑out); Mission Bay overall is largely complete (about 89% complete with 29% affordable); Transbay Zone 1 is 40% complete with 43% affordable at build‑out. He also noted that 78% of completed units across project areas to date are family rental units.
The presentation included marketing and occupancy highlights: four completed affordable projects (359 units) reached 100% occupancy during the reporting period and attracted more than 20,000 total applicants processed through DAHLIA; 13 certificate‑of‑preference (COP) holders were housed through lotteries during the year. White added that changes at the state level — including a move to a competitive allocation for tax‑exempt bonds and tax credits in 2020 — could disadvantage high‑cost San Francisco projects and affect access to Low Income Housing Tax Credits (TCAC) and bond allocations (CDLAC).
Commissioners praised the thoroughness of the report and thanked staff; they also asked questions about DAHLIA usage by COP holders and the role of rental‑subsidy providers such as the Q Foundation. White and other OCII staff said they are monitoring state changes and coordinating with MOHCD and advocacy partners to mitigate potential impacts.
