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Commission holds 181 Fremont variation after staff, consultant outline $13.85M buyout

Commission on Community Investment and Infrastructure · September 12, 2014
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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