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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 that roughly 45% of OCII—s expenditures would go to affordable housing loans; infrastructure costs and workforce/community development made up most of the remaining budget. OCII noted large multi-year capital plans and bond and developer-payment financing, and said year-over-year changes reflect timing of development activity and bond issuance.
Public comment during the OCII item included a speaker who sharply criticized redevelopment affordability calculations, alleging the agency—s income-banding (for example, setting many units at 90% or higher AMI) effectively reduced the share available to lowest-income households. The commenter cited community redevelopment law language and asked the committee to pursue enforcement of deeper affordability for very low-income households.
OCII responded that its portfolio includes a mix of production and preservation, master leases and scattered-site work; the director offered to follow up with the commenter and provide further affordability breakdowns in a sidebar.
Why it matters: OCII manages large development parcels that materially affect neighborhood change in the Mission and adjacent areas. The agency—s loan and bond-backed capital program and the mayor—s ERAF/housing allocations together determine how much deeply affordable housing can be delivered in the near term.
What—s next: Committee members took the OCII resolution forward to the full board with a positive recommendation; OCII said many project approvals will return to the board in the coming year.
