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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 furnishings and other non‑tax‑credit eligible uses.
Ben Brandon, OCII development specialist, presented the selection of Chinatown Community Development Center (CCDC) in partnership with Swords to Plowshares as the recommended development team. The RFP program calls for a five‑story building with 101 units (including one manager’s unit), with 50 units restricted for formerly homeless veterans at no more than 30% AMI and the other 50 units for families at up to 60% AMI. The project program includes supportive services, a prescribed unit mix (51 one‑bedroom units, 32 two‑bedroom units and 23 three‑bedroom units), interior podium open space for families and secluded space for veterans, and a limited secure parking lot with 19 spaces (including two ADA spaces and two car‑share stalls).
Brandon described predevelopment‑loan terms: a $2.5M loan at 3% simple interest that converts to a permanent OCII loan at construction loan closing; the ENA includes a $10,000 performance deposit and an initial 17‑month term with an optional 12‑month extension. Staff noted the selection panel included OCII, the Mayor’s Office of Housing and Community Development, Human Services Agency and Mission Bay CAC representatives.
Developers described design features and service plans. Swords to Plowshares said veterans are referred through Human Services Agency coordinated access; family units will be selected via lottery with COP preferences applied where eligible. Commissioners asked about family play areas, senior accessibility and green building strategies; architects said the project will target GreenPoint Rated Gold and design units to be durable and adaptable for aging in place.
Commissioners moved and unanimously approved both items (5F to accept the donation and 5G to authorize the ENA and predevelopment loan). Staff said funds would accelerate project predevelopment and that schematic design and financing milestones will return to the Commission for approval.
