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OCII presents $641.1M FY 2019–20 budget and work plan; commission questions focus on schedule and program delivery
Summary
OCII staff presented a $641.1 million FY 2019–20 budget and work program covering infrastructure, affordable housing loans, community development grants and operations. Commissioners asked for schedule updates on Candlestick infrastructure, details on bond issuances and housing loan allocations, and implementation plans for workforce and small business programs.
OCII staff on April 16 presented the agency’s fiscal year 2019–20 workshop for a proposed $641.1 million budget and accompanying work plan. The presentation covered infrastructure and non‑housing expenditures ($210M), the housing budget ($288.1M), community development and workforce grants ($2.8M), debt and operations, and next steps for final action on May 7 and submission to the Mayor’s budget office and the Board of Supervisors by June 1.
Mina Yu, OCII financial reporting and management analyst, gave an overview: the total budget reflects a decrease from the prior year ($745M) largely due to spending down prior bond proceeds and delays in the affordable housing pipeline, including the Candlestick Point pause. The infrastructure and non‑housing category includes developer infrastructure reimbursements (approx. $152.5M). The housing program detailed new and existing loans (new loans totaling $98.9M including two construction gap loans and four predevelopment loans) and existing loan spend‑downs ($67.2M).
Project managers summarized program plans by area. Mission Bay staff described anticipated infrastructure reimbursements, park construction and tenant improvement reviews tied to Oracle Park/Chase Center area work. Transbay staff outlined a $40M Transbay program focused on Block 4 entitlements, Transbay Park and Folsom Street improvements. Hunters Point Shipyard staff emphasized early planning and entitlement work for a large project expected to include 12,100 ultimate units at full build‑out; the FY20 plan anticipates developer reimbursements, community grants, parks and planning work in the shipyard.
Commissioners asked detailed questions about MBE/WBE and small business procurement performance, bond interest rate expectations for two planned issuances (a housing bond and an infrastructure reimbursement bond), the public art fee program, and the number of staff positions (55 positions budgeted; vacancies included). OCII staff said the agency has roughly $900M outstanding in bonds with coupon rates ranging from 1.6% to 8.4% and estimated new tax‑exempt bonds around 4% while taxable debt would carry higher rates.
Staff also reported website redesign efforts to improve public access to project pipelines, RFPs and Dahlia links. The commission recessed briefly for a quorum and reconvened to continue presentations from contract compliance, development services, and other divisions. No final action was required at the workshop; staff will return with an action item and final numbers on May 7.
