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Committee backs $31.5 million tax-exempt bond request for Alice Griffith Phase 3
Summary
The Land Use and Transportation Committee voted unanimously to forward a resolution authorizing up to $31.5 million in tax-exempt multifamily housing revenue bonds to support Phase 3 of the Alice Griffith redevelopment, part of the Hope SF initiative; OCII said existing residents will not be permanently displaced.
The Land Use and Transportation Committee voted unanimously to forward a resolution authorizing up to $31,500,000 in tax-exempt multifamily housing revenue bonds to finance Phase 3A of the Alice Griffith redevelopment in the Hunters Point neighborhood.
Elizabeth Colomello, representing the Office of Community Investment and Infrastructure (OCII), told the committee the project at 2500 Aurelius Walker Drive is the third phase of a larger redevelopment under the Hope SF program and will result in a mixed-income, service-enriched community. "Consistent with those principles, no existing…
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