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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 advanced schematic design and permit work but cannot meet the original agreement deadlines because horizontal infrastructure (streets, utilities and other improvements the master developer will deliver) has been delayed.
Kim Obstfeld, OCII Housing Division development specialist, explained that both predevelopment agreements include force‑majeure or tolling provisions that pause the agreements when circumstances outside developers’ control arise. The authorization approved by the commission lets the executive director grant an administrative extension of up to 18 months once the necessary infrastructure work is underway and teams can reasonably resume predevelopment work and close construction financing.
During public comment Oscar James of Bayview Hunters Point urged the commission to ensure new projects include housing targeted to people experiencing homelessness and returning residents, and to prioritize services for women and reentrants. Commissioners asked for more details on the loan amounts; staff said each project has a predevelopment loan of $3.5 million and that one project has drawn roughly $22 million to date under its approved loan line. Commissioners also pressed staff for clearer infrastructure delivery timelines; OCII staff said a schedule update is expected in the fall, when the commission will receive revised Candlestick Major Phase 1 timelines.
The commission voted separately on items 5b and 5c; both motions passed by roll call with four ayes. The approvals authorize staff to use the administrative extension authority described above and to report back as infrastructure milestones become clear.
The motions do not change project scope or funding beyond the existing predevelopment loan amounts; they extend the period during which developers can complete predevelopment work when infrastructure conditions allow.
