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Supervisors back Treasure Island IRFD bond authorization and $5.8M appropriation for affordable housing

San Francisco Board of Supervisors Budget and Finance Committee · October 22, 2025

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Summary

The committee recommended approval of a resolution to authorize up to $31 million in IRFD (tax increment) bonds for Treasure Island and an ordinance to appropriate about $5.8 million of those proceeds for a 100‑unit senior affordable housing project and related predevelopment and parks work; TIDA and the controller outlined project uses and financing risks.

The Budget & Finance Committee voted unanimously to forward two items that would authorize the sale of tax‑increment Infrastructure and Revitalization Financing District (IRFD) bonds for Treasure Island and appropriate a portion of the proceeds for affordable housing.

Jamie Curban, finance manager for the Treasure Island Development Authority,…

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