Committee forwards bond authorization to finance 184-unit affordable building at Transbay Block 2 East
OCII and project sponsors asked the committee to authorize conduit multifamily housing revenue notes up to $116 million to finance construction of a 184‑unit affordable family rental project (2 East) that includes 40 units for households experiencing homelessness and on‑site childcare; committee forwarded the item to the full Board.
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The Office of Community Investment and Infrastructure (OCII) requested committee authorization on April 17 for conduit multifamily housing revenue notes in an aggregate principal amount not to exceed approximately $116 million to finance construction of Transbay Block 2 East, a 184‑unit affordable family rental building to be developed by Mercy Housing.
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