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OCII approves $494 million FY2015-16 budget, aims to accelerate affordable housing
Summary
The Commission on Community Investment and Infrastructure approved a nearly $494 million budget for 2015-16 that prioritizes affordable housing, includes contingency bonding plans and funds for project management and infrastructure; commissioners pressed staff for stronger outreach, marketing and RFP transparency.
The Commission on Community Investment and Infrastructure approved its fiscal year 2015-16 budget on May 5, 2015, authorizing staff to transmit the plan to the mayor's office and Board of Supervisors. Executive Director Bohe and Deputy Director Sally Orth told commissioners the plan totals about $494,000,000 and reflects OCII's work across major development areas including Hunters Point Shipyard, Candlestick Point, Transbay and Mission Bay.
Sally Orth, deputy director, said the program-and-projects portion of the budget totals roughly $141,000,000, with affordable housing making up about 70 percent of that slice. "Our budget is approximately $494,000,000," Orth said, and she identified developer payments and bond proceeds among the largest revenue sources. The presentation noted…
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