OCII adopts $565.8 million FY2021–22 budget; executive director to submit to mayor and supervisors

SAN FRANCISCO — The San Francisco Commission on Community Investment and Infrastructure (OCII) on April 20, 2021 approved the agency’s fiscal-year 2021–22 budget totaling $565,800,000 and authorized the executive director to submit the proposed and interim budgets to the mayor’s office and the Board of Supervisors. The commission approved the budget on a 5–0 roll-call vote under Resolution No. 13-2021.

Mina Yu (Finance) told commissioners there were no changes to the proposal since the April workshop and that the Department of Finance approved the Recognized Obligation Payment Schedule (ROPS) on April 15. Yu summarized the budget as a $565.8 million request, a 7.3% increase from the prior year driven primarily by new affordable housing loans and increased developer payments tied to the Transbay 4 housing project. The budget includes $130.4 million in affordable housing bonds to help fund loans and lists operating costs at $19.1 million (about 3.4% of the total).

Staff explained the increase is largely pipeline-driven and does not require immediate changes to OCII’s staffing levels; Yu said staffing remains unchanged from the prior year and OCII has a five-year outlook that supports the proposed workload. The budget presentation included a year-over-year sources-and-uses comparison that attributed increases to the new affordable housing bond issuance and developer payments, offset by decreases in prior-period authority as construction projects spend down.

Commissioners asked for assurances that existing staff levels could support the increased loan and program activity. Yu said the agency’s multi-year planning and known pipeline projects make the staffing plan feasible. Vice Chair Rosales moved approval; Commissioner Scott seconded. The secretary called the roll and Commissioners Brackett, Beiser, Scott, Vice Chair Rosales and Chair Bustos each voted yes, yielding a 5–0 vote in favor of the FY2021–22 budget (Resolution No. 13-2021).

What’s next: Pending the commission’s approval, staff will submit the budget to the mayor’s office by May 1 and to the Board of Supervisors by June 1 for final action.