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OCII accepts $4.5 million private donation and authorizes ENA and $2.5M predevelopment loan for Mission Bay veterans and family housing
Summary
The Commission accepted a $4,501,564 private contribution routed through the Mayor’s Office and Hamilton Family Center and authorized an exclusive negotiations agreement and a $2.5M predevelopment loan with Chinatown Community Development Center/Swords to Plowshares for a 101‑unit Mission Bay South development (50 units for formerly homeless veterans, 50 for families).
The Commission on Community Investment and Infrastructure voted to accept a $4,501,564 private donation and authorized an exclusive negotiations agreement (ENA) and a predevelopment loan of up to $2,500,000 for Mission Bay South Block 3 East.
Jeff White, OCII housing program manager, described the donation process: a group of private donors coordinated with the Mayor’s Office of Housing/Office of Hope and Hamilton Family Services to channel funds specifically for the Block 3 East project. The MOU requires transfer of funds to OCII within 14 days of MOU approval and earmarks $2.5 million for predevelopment work and the remainder for unit…
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