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OCII approves 18‑month extension authority for two Candlestick Point affordable housing predevelopment agreements
Summary
The commission authorized the executive director to extend exclusive negotiation and predevelopment loan agreements for Candlestick Point North (CPN 10A) and South (CPS 11A) to accommodate delays after a regional retail developer withdrew; staff said the pause is not the developers' fault and extensions will be available once infrastructure begins.
The Commission on Community Investment and Infrastructure voted April 16 to authorize staff to extend, when warranted, the terms of exclusive negotiation agreements and predevelopment loan agreements for two affordable rental housing projects at Candlestick Point North (CPN 10A) and Candlestick Point South (CPS 11A).
OCII staff told the commission the projects — planned as 100 percent affordable mixed‑use developments — have been delayed after the regional retail center developer withdrew from the larger Candlestick Phase 1 plan. Staff said the developers for CPN 10A (156 units) and CPS 11A (176 units) have…
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