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Committee forwards Kelsey Civic Center financing and ground lease for 112-unit 100% affordable project
Summary
MOHCD presented a package of state and city financing—including an HCD accelerator loan and a MOCD loan totaling roughly $57M combined—and a ground lease to advance the 112‑unit Kelsey Civic Center project (including 28 units serving people with disabilities); the committee forwarded the items with a recommendation and discussed high per‑unit costs.
The Budget & Finance Committee moved to forward three related resolutions enabling construction of the Kelsey Civic Center, a 112‑unit, 100% affordable housing development that includes 28 units serving people with disabilities and a planned disability community cultural center.
Sheila Nicholas of the Mayor—s Office of Housing and Community Development said the project has received state funding through the…
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