TITLE

San Francisco Broadens Scope of Hunters Point Redevelopment

AUTHOR(S)
Cohen, Jackie
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/30/2006, Vol. 356 Issue 32391, p52
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the approval by San Francisco Board of Supervisors of the expansion of the Bayview Hunters Point Redevelopment Area in the southeast part of the city. The expansion adds 1,600 acres to the existing 137-acre Hunters Point Redevelopment Area and renames the project area. It marks the climax of 10 years of planning by the San Francisco Redevelopment Agency. The agency has not determined bonding plans for the newly expanded redevelopment area. The new development totaling $1.3 billion is expected to yield an average annual growth rate of 5.24%. About 32% of the gross tax increment of the expanded area will go toward affordable housing development and 25% of the anticipated 3,700 new housing units will be permanently affordable.
ACCESSION #
21043227

 

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