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Planning Commission backs mayor’s inclusionary financing option, 5–1
Summary
The Planning Commission recommended approval of a staff-amended ordinance that creates a new pathway for projects to use CDLAC tax‑exempt bonds and TCAC tax credits by adding 10% more inclusionary units affordable at 80% AMI or below; the motion passed 5–1 with Commissioner Williams opposed.
The San Francisco Planning Commission on Oct. 24 recommended approval of a mayor‑sponsored amendment intended to expand the pool of projects eligible for state and federal affordable‑housing subsidies. The measure would allow project applicants to qualify for California Debt Limit Allocation Committee (CDLAC) tax‑exempt bonds and California Tax Credit Allocation Committee (TCAC) tax credits if they provide 10% more inclusionary units than their current local obligation and make those additional units affordable…
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