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OCII previews $747.6 million budget for 2018–19, emphasizes affordable housing loans and debt service

Commission on Community Investment and Infrastructure · April 17, 2018
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Summary

Deputy finance staff presented OCII’s proposed FY 2018–19 budget of $747.6 million emphasizing $220.3 million in new affordable housing loans, continued development reimbursements and major project budgets for Shipyard, Mission Bay and Transbay.

At a workshop on April 17 the Commission on Community Investment and Infrastructure reviewed OCII’s proposed fiscal year 2018–19 budget totaling $747.6 million and discussed the agency’s anticipated uses and funding sources.

Deputy Director of Finance and Administration presented the agency’s funding plan: primary sources include prior period authority, new bonds and property tax; primary uses are affordable housing loans (staff proposed $220.3 million in new loans), development…

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