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Commission approves assignment of Mission Bay Block 7 West DDA, preserving 200 permanently affordable units
Summary
The commission approved transferring UCSF's Block 7 West development rights to a Related/CCDC developer and an amended DDA that secures 200 rental units affordable to households at or below 60% of area median income, with 25% preference for certain public-institution employees; vote was 4–0 with one absence.
The San Francisco commission on meeting approved an assignment and amended disposition and development agreement (DDA) that transfers University of California, San Francisco’s rights for Mission Bay Block 7 West to a developer partnership and secures 200 permanently affordable rental units.
Catherine Riley, project manager for Mission Bay, told the commission the amended agreement would produce "200 units of rental units, affordable to households earning up to 60% of the area median income." She said UCSF agreed to prepay $2,400,000 in liquidated damages to permit assignment of the DDA now rather than waiting until a future noncompliance trigger tied to hospital construction schedules.
Riley said the amended DDA shifts ownership so the agency would hold the land and ground-lease it to the…
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