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OCII selects financing team for planned 2027 tax-allocation bond issuance to fund affordable housing
Summary
The Commission on Community Investment and Infrastructure approved three contracts to assemble a bond-financing team for a planned 2027 tax-allocation bond issuance intended to fund about $135 million in housing projects; each contract was authorized by 4–1 roll-call votes.
The Commission on Community Investment and Infrastructure voted on Dec. 2 to authorize three contracts that will form a financing team for a proposed 2027 tax-allocation bond issuance intended to advance an affordable housing program referenced in the presentation as "SB 5 93." The actions individually approve a financial adviser, bond and disclosure counsel, and a fiscal consultant to support preparation and sale of the bonds.
Nick Jones, OCII debt manager, told commissioners the 2027 issuance is expected to fund approximately $135,000,000 of housing projects, including work in the Mission Bay South project area and the Block 4 East development site. Jones said…
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