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OCII presents FY2015–16 housing production: 265 affordable units delivered, pipeline grows amid cost pressures
Summary
OCII staff reported 265 affordable units delivered in FY15–16 and an active pipeline, but flagged rising construction costs, state cost caps and potential federal tax changes that could reduce tax-credit equity and tighten financing.
OCII staff on Dec. 20 presented their annual affordable housing production report for fiscal year 2015–16, reporting that 265 affordable housing units were delivered in the period and that a robust pipeline remains in construction and predevelopment.
Jeff White, OCII housing program manager, said the fiscal-year deliveries included 189 OCII-funded stand-alone units and 76 inclusionary units tied to market-rate projects. He described an active construction pipeline — 858 units in construction at the time of the report…
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