The Strategic Growth Council has announced a $20 million grant for affordable housing and transportation improvements on Treasure Island. The award is from the Affordable Housing/Sustainable Communities grant program, funded by state cap and trade revenues.
Of the total $20 million grant, $15 million will fund affordable housing construction on the Island, and $5 million will fund supporting transportation improvements.
The funding will support the following activities:
- Affordable housing developers Mercy Housing and Catholic Charities will develop 135 units on Treasure Island.
- The Treasure Island Development Authority and Transportation Authority will construct a bicycle-pedestrian path connection on Yerba Buena Island between the Bay Bridge East Span touchdown and the new Treasure Island ferry terminal.
- The acquisition of electric buses for AC Transit to operate the new East Bay transit service.
The Transportation Authority serves as the Treasure Island Mobility Management Agency to help implement the Treasure Island Transportation Program, a comprehensive package of services including East Bay bus service, a new ferry to downtown San Francisco, an on-Island shuttle, a toll from the Bay Bridge, and related affordability programs.
Related article: SF affordable housing projects kick-started with $40 million in state funds [SF Chronicle]