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OCII authorizes $16 million loan for Transbay Block 8 affordable housing; commissioners seek stronger outreach to certificate holders
Summary
The Commission approved a $16 million permanent loan to support affordable housing at Transbay Block 8, while commissioners and staff discussed marketing, certificate of preference outreach and SBE participation; transcript shows a discrepancy in the unit count between the agenda text and the presentation.
The Commission on Community Investment and Infrastructure voted Aug. 4 to authorize a $16,000,000 loan agreement to TB‑8 Housing Partners LP to support development activities for the affordable portion of Transbay Block 8.
Ben Brandon, a development specialist with OCII, presented the request and described the Block 8 affordable project as an 80‑unit development (including one manager’s unit) with a unit mix of 41 one‑bedroom, 16 two‑bedroom and 24 three‑bedroom units. Brandon said the OCII subsidy is consistent with the RFP and the Disposition and Development Agreement (DDA) and that the maximum OCII subsidy is $200,000 per unit. He said the $16 million…
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