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Amendment to Tax Increment Allocation Agreement for Candlestick Point and Hunters Point Shipyard Phase 2

  • When: 2024/10/29
  • City: San Francisco
  • State: California
  • Category: Economic Development Incentives

The San Francisco Board of Supervisors approved a resolution amending the Tax Increment Allocation Pledge Agreement with OCII, securing tax increment financing for key infrastructure and affordable housing at Candlestick Point and Phase 2 Hunters Point Shipyard. The decision is consistent with the California Environmental Quality Act and aligns with the San Francisco General Plan and the city’s priority policies in Planning Code Section 101.1.

Why it Matters

This amendment is essential for enabling public infrastructure improvements and affordable housing development, directly benefiting the Candlestick and Hunters Point communities and promoting sustainable growth.

Source

Applicant - Office of Community Investment and Infrastructure (OCII)

Allowed Uses: This amendment allows the allocation of tax increment financing for public improvements and affordable housing initiatives at Candlestick Point and Hunters Point Shipyard Phase 2.