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Commission holds 181 Fremont variation after staff, consultant outline $13.85M buyout
Summary
Commissioners continued consideration of a request from Jay Paul Company to convert 11 required on‑site BMR units at 181 Fremont into market‑rate units in exchange for a $13,850,000 payment; staff and Concord Group explained the methodology and some community groups signaled conditional support; Commission voted to continue the item for further study.
The Commission on Community Investment and Infrastructure paused action on a request by Jay Paul Company to vary the Transbay redevelopment plan’s on‑site affordable housing requirement at 181 Fremont, continuing the item to a future meeting for further study.
Courtney Pash, acting project manager, said the developer requested converting the 11 required below‑market‑rate (BMR) for‑sale units to market‑rate units and paying $13,850,000 to the successor agency to fund affordable housing elsewhere in the…
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