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OCII authorizes $2017 bond package using SB 107 credit to finance affordable housing and Transbay infrastructure
Summary
The commission approved staff recommendations to confirm and proceed with three bond issuances (2017 A/B/C) using the SB 107 credit and Mission Bay housing pledge to support affordable housing projects across OCII project areas and Transbay infrastructure. The Financing Authority approved bond purchase and redemption agreements; public commenters urged prioritizing local hiring and housing for returning residents.
The Commission on Community Investment and Infrastructure on Feb. 21 confirmed staff—s authorization to issue a package of bonds under Senate Bill 107 and Mission Bay housing pledges to finance affordable housing and Transbay infrastructure.
Deputy director of finance Brie Mahorter briefed the commission on three proposed issuances described in staff materials: a 2017A taxable third‑lien issuance to fund affordable housing (staff referenced a $90.2 million band in narrative and an agenda cap shown earlier), 2017B tax‑exempt bonds for Transbay infrastructure, and 2017C taxable Mission Bay housing bonds combining new‑money and refunding components.…
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