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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 scheduled for April 8. Staff said Hunters Point and Candlestick Point projects will require ongoing land conveyances from the Navy and transfers from state agencies.
Mission Bay updates included the UCSF campus and hospital opening, significant open-space acreage, and multiple affordable-housing projects progressing to construction. Staff said Mission Bay South will continue infrastructure work and that proposals for housing on Blocks 3 East and 6 West are planned.
For Transbay, staff reiterated their role in facilitating sales of publicly owned parcels, noting that large land-sale proceeds ($302 million shown in the budget) appear in OCII's budget as pass-through to the Transbay Joint Powers Authority (TJPA) for the Transit Center. Staff emphasized the pass-through nature of land-sale proceeds and said the agency would transfer funds at closing to the TJPA.
On affordable housing across all project areas, staff summarized capital housing proposals totaling approximately $97,000,000 aimed at supporting more than 2,100 affordable units (OCII-sponsored portion listed as 2,177 units). Staff noted some of the planned debt service and bonding strategies are conditional on state legislation or Department of Finance approval and that the proposed budget would reserve appropriations dependent on sufficient funds. Jeff White, housing program manager, clarified the OCII-sponsored units are new construction and that marketing and eligibility processes are coordinated with the Mayor's Office of Housing and Community Development.
During public comment, speakers urged additional focus on homeless housing and turnkey housing for foster-care youth, and a Fillmore-based group raised access and security concerns about a community screening room. Staff said more detailed affordable-housing reporting and an annual housing report would follow in subsequent meetings.
