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Port approves Mission Rock housing changes that lower Phase 1 affordability minimum
Summary
The Port Commission approved amendments to Mission Rock Parcel A and to the housing plan that redistribute affordable-unit targets (increase deeper 90% AMI units, eliminate 150% AMI units) and request lowering the Phase 1 minimum from 30% to 20%, yielding roughly 25% affordable units for Phase 1.
The Port Commission voted to approve staff-recommended amendments to the Mission Rock housing plan and Parcel A lease documents, authorizing a redistribution of affordability levels in Phase 1 that reduces the phase minimum affordability requirement.
Wyatt Donnelly Landolt of the Port’s development team presented the proposal and leasing data. He explained that Parcel F leasing demonstrated stronger demand for 90% AMI units and weaker demand for 150% AMI units. To accelerate…
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