It’s official. The Affordable Housing requirement for the Candlestick Point and Hunters Point Shipyard Mixed Use Development Project Initiative, has qualified for the June 3 ballot.
This means that voters will decide on two BVHP-related measures this summer: the Lennar-led Mixed Use Project for Candlestick Point and the Shipyard, and the community-led Affordable Housing requirement, which demands that 50 percent of housing to be built as part of the Lennar led project, be affordable
Michael Cohen of the Mayor’s Office of Economic and Workforce Development complained, at a SF4Democracy presentation last night. that the community initiative has been drawn up without an economic feasibility report. Cohen also told the Guardian, when I asked about Lennar’s troubled financial picture, that it’s not written in stone that Lennar would be the Candlestick/Shipyard project developer.
Either way, it looks like issues around Lennar’s less than perfect environmental monitoring performance at the Shipyard won’t be going away any time soon.