Committee recommends $33.9 million infrastructure loan for Hunters View Phase 3

The Budget and Finance Committee on July 28 recommended that the Board of Supervisors approve an infrastructure loan agreement, not to exceed $33,900,000, between the Mayor's Office of Housing and Community Development and Hunters View Associates to finance Phase 3 of the Hunters View Hope SF redevelopment.

Jason Lou and Cindy Evans of MOHCD presented the project. Evans said the Phase 3 site covers about 7.3 acres and that the loan would fund asbestos abatement of piping and foundations, demolition, mass grading, installation of streets and utilities (water for fire, domestic and irrigation; storm drainage and sanitary sewer; electrical), two named streets, lateral lines to curb for parcel connections, landscaping and park furnishings, and preparation of affordable housing lots. Evans said Phase 3 would include 118 planned affordable units (including 53 public housing replacement units and 64 additional affordable units plus one manager's unit) and five market‑rate lots; infrastructure work was expected to start in mid‑October and complete by December 2022 if advanced.

Linden Berry of the Budget and Legislative Analyst told the committee that the proposed resolution would approve the infrastructure loan and noted two caveats: the project has not yet secured state tax credit financing, and Public Works had reviewed plans and flagged the developer's original cost estimates as high, which had contributed to prior schedule delays. BLA nonetheless recommended approval to advance the project.

A member of the public, Francisco De Costa, called in to raise environmental health concerns, alleging contamination at Hunters Point and warning against building on potentially contaminated land; no technical response or mitigation plan was discussed in the hearing transcript.

Chair Matt Haney moved Item 2 to the full Board with a positive recommendation; the committee recorded three ayes. The loan recommendation will go to the full Board for final action and to any applicable state financing decisions.