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OCII reports a strong FY2016-17 for affordable housing; flags tax-reform financing risk
Summary
OCII staff reported delivery of 603 OCII-sponsored affordable units in FY2016-17, progress across Hunters Point/Candlestick, Mission Bay and Transbay, and a large pipeline; staff warned that proposed federal tax reform affecting private activity bonds could jeopardize tax-exempt bond financing used on many projects.
The Commission on Community Investment and Infrastructure received the agencys FY2016-17 affordable housing production report on Dec. 5, which OCII staff described as a strong year for delivery and pipeline development.
Jeff White, OCII housing program manager, told commissioners the agency delivered 603 OCII-sponsored affordable units in FY2016-17, including 552 OCII-funded standalone units and 51 inclusionary units. "We deliver in fiscal 16, 17, we delivered 603, OCII sponsored affordable units," White said. He noted OCII's role in meeting the Mayors housing goal and said the agency's housing…
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