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Supervisors split on timing of bond inducement for 1601 Mariposa housing project; committee sends item forward without recommendation

San Francisco Board of Supervisors Budget & Finance Committee · February 11, 2015
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee moved a Mayor’s Office of Housing application to CDLAC for conduit bond allocation for a roughly 320‑unit Related California project at 1601 Mariposa, including about 20% of units at 50% AMI, but Supervisor Cohen raised process concerns about TEFRA action preceding CEQA clearance; Deputy City Attorney John Givner said the resolution is not a CEQA-approval action.

The Mayor’s Office of Housing and Community Development sought committee authorization to apply to the California Debt Limit Allocation Committee (CDLAC) for conduit financing to support construction of approximately 320 multifamily housing units at 1601 Mariposa.

Joan McNamara said the development sponsor is Related California and the proposal…

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