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OCII authorizes 75‑year ground lease with Mercy Housing for 120‑unit Transbay Block 7
Summary
The commission authorized a 75‑year ground lease to Mercy Housing for a 120‑unit very low income family housing project at Transbay Block 7, including a 40‑slot childcare center (half the slots subsidized), unit mix and income targeting and marketing rules prioritizing Certificate of Preference holders.
The Commission on Community Investment and Infrastructure authorized a 75‑year ground lease on March 15 with Mercy Housing California for Transbay Block 7, clearing the way for construction of a 120‑unit very low‑income family rental project.
Gretchen Heckman, a development specialist with OCII’s housing team, outlined the project: 120 units including one manager’s unit, with a unit mix of 53 one‑bedrooms, 43 two‑bedrooms and 23 three‑bedrooms. On‑site amenities will include a community room, laundry, bike storage and a…
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