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Committee forwards bond application resolutions for Hunters Point Shipyard Block 56 and 98 Franklin Street to full Board
Summary
The committee reviewed resolutions to seek CDLAC bond allocations for two housing projects: 11 Inis Court (Hunters Point Shipyard Block 56), a 73-unit 100% affordable development for households at or below 50% AMI; and 98 Franklin Street, a mixed-income project where tax-exempt financing would fund 72 affordable units at 50% AMI. The committee unanimously recommended both items to the full Board.
The Budget & Finance Committee considered two related resolutions authorizing city staff to pursue tax-exempt bond allocations and to declare the city's intent to reimburse certain pre-issuance expenditures from future bond proceeds.
William Wilcox, bond-program manager at the Mayor's Office of Housing and Community Development (MOHCD), said the items are conduit…
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