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San Francisco Approves FY 2025-26 OCII Budget and $223M Bond Issuance for Affordable Housing and Infrastructure

  • When: 2025/07/15
  • Address: Citywide, San Francisco, California
  • City: San Francisco
  • State: California
  • Category: Economic Development Incentives
  • Subcategory: Grants
  • Asset Class: Multifamily
  • Property Type: Affordable Housing
  • Size (Dollars): $223,000,000

The San Francisco Board of Supervisors approved the Fiscal Year (FY) 2025-2026 Budget for the Office of Community Investment and Infrastructure (OCII), operating as the Successor Agency to the San Francisco Redevelopment Agency. The resolution also authorizes OCII to issue bonds in an aggregate principal amount not to exceed $223,000,000. These funds are designated to finance a portion of OCII's enforceable obligations, including ongoing affordable housing and infrastructure development across Mission Bay, Transbay, and Hunters Point Shipyard/Candlestick Point project areas. The total projected expenditure for ROPS 25-26 is $630.1 million, with $293.2 million allocated to affordable housing loans for approximately 2,204 units (predevelopment and gap loans), $189.5 million for infrastructure, and $94.2 million for debt service. The approval is subject to further review by the Successor Agency Commission, the Oversight Board, and the California Department of Finance (DOF).

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