Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Commission approves Transbay Block 7 schematic revision and $25.56 million permanent loan to Mercy Housing
Summary
OCII adopted an amended schematic that adds 35 affordable units by switching to prefabricated steel construction and authorized a $25,560,000 permanent gap loan to Mercy Housing to finance 119–120 affordable units at Transbay Block 7.
The Commission on Community Investment and Infrastructure on Aug. 18 approved a revised schematic design for Transbay Block 7 that increases the affordable unit count and authorized a permanent gap loan of $25,560,000 to Mercy Housing California to support construction.
OCII staff and Mercy Housing said rising material and foundation costs prompted a change from wood‑frame to a light‑gauge prefabricated steel structural system, which permits building up to the site’s eight‑story height cap and adds roughly 35 affordable units across the two podium buildings. The revised program includes approximately 120…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
