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Supervisors split on timing of bond inducement for 1601 Mariposa housing project; committee sends item forward without recommendation
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 includes about 320 units with 20% set at no more than 50% of area median income (approximately 64 units). She said conduit bond financings do not require the city to pledge repayment and that an application to CDLAC was anticipated in first quarter 2016, with a return to the Board if allocation is awarded.
Supervisor Cohen said the project is undergoing environmental review (draft EIR issued in December) and raised concerns that taking bond-inducement steps prior to CEQA clearance and entitlements could give the appearance of prejudging the project; he asked the City Attorney to explain legal constraints. Deputy City Attorney John Givner stated the resolution before the committee is not an approval action requiring CEQA and that environmental review will be completed before the Board takes any approval action that would commit the city.
To allow full Board consideration and response to Cohen’s concerns, the committee agreed to send the item to the full Board without recommendation; Supervisor Cohen indicated he might vote against the measure at that stage.
