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Supervisors Forward EIFD and Amended Development Agreement for 3333 and 3700 California Street
Summary
The Budget & Finance Committee voted to send to the full Board a resolution to form an enhanced infrastructure financing district and an amended development agreement to advance two Laurel Heights projects that together would yield about 1,300 housing units; staff said the package pairs public infrastructure financing with changes to the affordable housing mix.
The Budget and Finance Committee on Oct. 30 voted to send to the full Board of Supervisors a resolution of intention to form an enhanced infrastructure financing district (EIFD) covering the 3333 and 3700 California Street sites, and an ordinance amending the 3333 California Street development agreement to extend its term and revise project obligations.
Lorenzo Rosas, speaking on behalf of Supervisor Catherine Stefani, said the two projects “represent a unique opportunity to bring approximately 1,300 homes to the Laurel Heights neighborhood, alongside investments in public infrastructure, a child care facility, streetscape improvements, and more.” Lee Lutensky of the Office of Economic and Workforce…
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