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OCII presents $640M budget as board hears public affordability concerns
Summary
The city—s redevelopment successor, the Office of Community Investment and Infrastructure, presented a $640 million budget concentrated on affordable housing loans and infrastructure for Mission Bay, Transbay and Hunters Point; a public commenter accused OCII of skewing affordability mixes and asked for stronger low-income set-asides.
The Office of Community Investment and Infrastructure (OCII), the legal successor to the city—s redevelopment agency for Mission Bay, Transbay and Hunters Point/Candlestick, told the Budget and Finance Committee it expects a roughly $640 million budget dominated by prior-authority capital and affordable-housing work.
OCII Executive Director Nadia Sisay said the agency expects to be in construction and pre-development on over 4,300 housing units in FY19-20, with about 30% designated affordable, and…
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