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OCII holds FY2015-16 budget workshop outlining pipeline of 2,177 OCII-sponsored affordable units and debt-dependent funding plans
Summary
In a workshop, OCII staff reviewed major project budgets and affordable-housing plans for Hunters Point, Mission Bay and Transbay, describing a capital housing total of about $97 million to support roughly 2,177 OCII-sponsored affordable units and noting some proposed bond financings would require further approvals.
The Commission held a workshop on April 7 to review the OCII FY2015-16 work program and budget for its major approved projects: Hunters Point Shipyard/Candlestick Point, Mission Bay and Transbay. Staff said the workshop was the first of a series before final budget adoption and focused on capital and project activity for the coming fiscal year.
Sally Orth and Leo Levinson led the presentation. For Hunters Point and Candlestick Point, staff highlighted recent milestones: residents moving into the first 88 Hilltop units, nearly 309 units under construction, parks nearing completion and the Alice Griffith groundbreaking…
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