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OCII adopts $377.5 million FY2014–15 budget, shifts funding toward affordable housing
Summary
The Commission adopted a $377.5 million budget for fiscal 2014–15 emphasizing affordable housing (about 49% of the plan), restored several project items, and included programming of $9.2 million in excess pre‑2011 bond proceeds; staff said the package preserves flexibility subject to ROPS and Department of Finance review.
The Commission on Community Investment and Infrastructure unanimously adopted its FY2014–15 budget, authorizing Executive Director discretion to make nonmaterial adjustments during subsequent Mayor’s Office and Board of Supervisors review.
Deputy Director Leo Levinson told commissioners the agency’s proposed budget is $377.5 million — a $53.5 million increase from the prior year — primarily because of anticipated affordable housing fees and a planned drawdown of prior‑year fund balances. Table summaries presented by staff show roughly 49 percent of the spending plan allocated to affordable housing, 31 percent to…
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