To date, FivePoint says it’s released $136 million in community benefits funds, but disbursement has paused as the project has stalled. Since 2010, the money has gone mostly to other real estate in the area: a build-out of the new Southeast Health Center, a soon-to-open Rafiki Coalition clinic, a new park, and a handful of scholarships between $1,000 and $5,000.
City officials list the developer as in compliance with all but two of 17 commitments, but most have yet to fully materialize. So far, there have been only five down-payment grants for prospective homeowners. And a pledged “interim African marketplace” was an event held 15 years ago.
“There’s still millions to be released,” said Supervisor Shamann Walton, who represents Bayview, adding he has FivePoint’s “commitment” to schedule future payments.
