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OCII authorizes up to $175 million in new tax allocation bonds to fund Transbay and affordable housing projects
Summary
The commission authorized staff to pursue issuance of up to $175 million in tax allocation bonds under California Health and Safety Code section 34177.7 to finance Transbay infrastructure and affordable housing obligations; the vote was 4–0 (one absence).
The Commission on Community Investment and Infrastructure on July 15 authorized OCII to pursue new‑money tax allocation bonds in an aggregate principal amount not to exceed $175 million to finance Transbay infrastructure and affordable‑housing obligations.
Staff framed the action — listed on the agenda as item 5(f) and identified in materials as Resolution No. 23‑2025 — as approval to prepare bond documents for the 2026 A (taxable) and 2026 B (tax‑exempt) series, which together were estimated in staff materials at approximately $146.9…
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