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OCII amends loans and conditionally approves schematic design for Alice Griffith rebuild amid resident concerns about parking, relocation and demolition
Summary
The Commission approved loan amendments for Alice Griffith phases 1 and 2 and conditionally approved schematic designs for Block 1 (phase 3). Staff recommended allowing Lennar to post a letter of credit for cost‑overrun contributions; residents pressed the Commission on parking, relocation details and demolition (implosion) outreach.
The Commission on Community Investment and Infrastructure on Dec. 16 approved amendments to permanent loan agreements tied to the Alice Griffith public‑housing redevelopment and conditionally approved schematic designs for Block 1, the three‑block Phase 3 of the project.
OCII staff and developer partners told commissioners the overall Alice Griffith rebuild will deliver 504 units—256 replacement public‑housing units and 248 additional affordable units—built in phases so existing residents can relocate directly into new homes without leaving the community. Jeff White, OCII housing program manager, said the project’s financing package relies on low‑income housing tax credit equity, tax‑exempt bond financing, Lennar’s vertical subsidy (about $40 million) and an OCII subsidy set at $62 million. "Alice Griffith was awarded a 30,500,000 Choice Neighborhoods initiative, or C and I implementation grant," White said, noting part of the grant must be spent and units delivered by September 2016 and later deadlines in 2017.
Staff recommend…
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