PUC Site | 1051 Mission Road
04.22.26 City Council
Government Code Section
54957.5
SB 343 Item #12
04/22/2026 REG CC
For City Council Consideration:
1. First Amendment to the
Development Agreement
2. Fourth Phasing Plan
3. BRIDGE's assignment to
SSF PUC Housing Partners
4. Affordable Housing
Sustainable Communities
5. Pre-commitment of funding
for affordable project
2 Project Approvals
3 800 units approved in November 2019
- 20% (158 units) affordable
- 100 head childcare center
- Acres of parks & open space
- New bridge over Colma Creek
Affordable
Bldg (C2) Large Market
Rate Bldg (C1)
Small Market
Rate Bldg (B)
Progress to Date
Market Rate Development (L37)
• LOMR action (removed site from floodplain)
• U.S. Army Corps approval to cover culvert
on Mission Road
• Secured $2 million loan from BAHFA to
advance infrastructure
• Assisted City & BRIDGE with
grant applications
• Submitted for Building Permits in Dec '25
Affordable Development (BRIDGE)
• Assisted City with securing $28.8
million Infill Infrastructure Grant
• Secured $9.5 million in County funds
• Applied for three rounds of AHSC
(missed narrowly every time)
• Submitted for Building Permits in
Dec '25
4 Current Conditions
• Economic conditions present bariers to market rate residential development • Affordable housing funding is constrained given State reductions to grant programs • BRIDGE Housing is withdrawing from the project
• L37 has requested a First Major Amendment to the project Development Agreement to make the project more feasible
• With these changes, there is a possibility this project could proceed to construction within the next 12 months
5 Ordinance: First Major Amendment to the DA
• Adds flexibility to how $14.6 million in impact and offsite improvement fees may be spent, in order to invest them in the affordable housing project if needed • $5,600,000 related to Oak Avenue Phase 2
• $200,000 related to the Mission Road Pedestrian Connection • $1,500,000 related to the Pedestrian Bridge Connection to Centennial Trail • Approximately $6,772,997 in Park and Recreation Fees
• Approximately $64,090 in Bicycle and Pedestrian Impact Fees • Approximately $468,358 in Public Safety Fees
• Waives applicable impact fees (roughly $3.7 million) for the affordable housing project if needed
6 Ordinance: First Major Amendment to the DA
• Affirms prevailing wage is required for any portion of the construction work when required by State law
• Requires a Project Labor Agreement for all site work funded by the City’s Infill Infrastructure Grant award, totaling approximately $20 million in infrastructure work
• Requires modest profit participation for the City in the smaller market rate building • Extends the term of the Development Agreement to December 31, 2032 7 Reso #1: Fourth Phasing Plan
The Fourth Phasing Plan governs the overall project timeline including permit submittal, construction, and completion dates per the following schedule:
8 Reso #2: Assigning BRIDGE's LLC
BRIDGE notified the City on March 5, 2026 that it would withdraw from the affordable component of the 1051 Mission project. The Resolution:
1. Consents to BRIDGE's assignment of their membership interest in 1015 Mission Affordable, LLC to SSF PUC Housing Partners, LLC (the market rate development LLC) • City loans made to the LLC will remain with the LLC
2. Delegates authority to approve a future comparable affordable housing developer to the City Manager
• City and L37 are making progress on identifying a suitable developer with AHSC expertise and experience in San Mateo County
9 Reso #3: Supporting AHSC Application
Affordable Housing Sustainable Communities is a critical funding source for the affordable component of the 1051 Mission project. The Resolution:
• Authorizes the City Manager to enter into a Cooperation Agreement for transportation-related improvements, including:
• Transit Signal Prioritization
• Bike Lanes
• Electrification of the City's free shuttle
• Approves an anti-displacement scope of work providing funding for the City's emergency rental assistance program
• Redlined Errata submitted to capture updates to the Resolution and Cooperation Agreement for revised project scope and costs to ensure highly competitive AHSC application 10 Reso #4: Pre-commiting Funds for Affordable
The First Amendment to the DA provides flexibility to allocate market rate developerpaid fees to the affordable project. The Resolution:
• Commits up to $14.6 million to the affordable housing project for the purposes of funding applications, if the funds are needed to close a funding gap • State tax credit application due May 19, 2026
• County funding application due May 20, 2026
• These funds would only be available once paid by the market rate developer, and would be subject to a subsequent loan approval by City Council 11 Planning Commission Recommendation
Planning Commission met on April 16, 2026 and adopted Resolution 4-2026 recommending City Council adopt an Ordinance approving the First Amendment to the Development Agreement between the City and SSF PUC Housing Partners, LLC.
Staff briefed the Planning Commission on the related Resolutions, which are outside of their purview.
12 Staff Recommendation
13 Introduce the Ordinance
approving the First
Major Amendment to
the DA
Adopt the four (4)
related Resolutions
Staff and Property
Owner/Developer are
available for questions