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Commission approves ground lease and loan for Mission Bay South Block 6 East, including supportive services
Summary
The commission authorized a ground lease and loan package for a 143‑unit Mission Bay South project, including 20% of units set aside for formerly homeless families and a partnership with 826 Valencia for after-school programming. Commissioners approved the action by a 4–0 vote with one absent.
The Successor Agency Commission on Aug. 16 authorized a ground lease agreement and an amended and restated loan agreement for Mission Bay South Block 6 East, a 143‑unit affordable rental project at 626 Mission Bay Boulevard North.
OCII staff described the development as 142 affordable rental units plus one manager’s unit, of which approximately 20% (about 29 units) will be reserved for formerly chronically homeless households with support services. Staff said the project includes about 9,700 square…
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