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Commission backs 181 Fremont deal to pay $13.85M for off‑site affordable housing
Summary
The Planning Commission recommended approval of amendments and a development agreement allowing 181 Fremont to pay $13,850,000 in lieu of providing 11 on‑site below‑market units; OCII estimates the in‑lieu funds could produce up to 69 affordable units nearby in Transbay.
The Planning Commission on Oct. 23 recommended approval of a development agreement and downtown project authorization that will let the 181 Fremont sponsor pay an in‑lieu contribution rather than provide 11 on‑site below‑market‑rate (BMR) units.
OCII acting project manager Courtney Pash and staff explained that the project’s residential units are concentrated on the upper floors of a 700‑foot tower, with very…
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