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Committee forwards bond authorization to finance 184-unit affordable building at Transbay Block 2 East
Summary
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.
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…
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