Committee approves transfer procedure for OCII parcels to mayor—s housing office

The Land Use and Transportation Committee on Feb. 6 approved a resolution authorizing the transfer and acceptance of real property assets from the Office of Community Investment and Infrastructure (OCII) to the Mayor—s Office of Housing and Community Development (MOHCD) to support future affordable housing projects.

Benjamin McCloskey, deputy director for finance and administration at MOHCD, told supervisors the transfer is a step required under state redevelopment dissolution law: OCII will fund and develop affordable units in areas including Transbay, Mission Bay, The Shipyard and the Alice Griffith Hope SF site and, when projects are complete, transfer land ownership to the city for long-term asset management. MOHCD will service loan agreements and monitor affordability restrictions.

Chair Mark Farrell asked for amendments requiring annual reporting to the Board and an explicit statement that MOHCD would honor existing regulatory and financial agreements signed by OCII. McCloskey said enforcing those agreements is part of MOHCD—s statutory obligations.

Committee members adopted the proposed amendments and forwarded the resolution with a positive recommendation to the full Board by unanimous, no-objection consent.