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Committee forwards $4.7M IRFD appropriation for Treasure Island affordable housing
Summary
The committee unanimously forwarded an ordinance to appropriate roughly $4.7 million in tax‑increment IRFD bond proceeds to MOHCD for Starview Court, a 138‑unit affordable project on Treasure Island; staff said the appropriation repays a bridge loan and does not change unit counts or affordability.
The Budget & Finance Committee unanimously voted to forward to the full Board an ordinance appropriating approximately $4.7 million from Treasure Island Infrastructure and Revitalization Financing District (IRFD) tax‑increment bond proceeds to the Mayor’s Office of Housing and Community Development for the Starview Court affordable housing…
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