https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8132896&GUID=261966F5-1AB9-4653-A821-1720995E39A5Legistar15https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8132896&GUID=261966F5-1AB9-4653-A821-1720995E39A5261966F5-1AB9-4653-A821-1720995E39A5-2026-07-17-22-55-26Title: Resolution 1) approving and authorizing the Director of Property, on behalf of the San Francisco Mayor’s Office of Housing and Community Development (“MOHCD”), to acquire real property located at 758 Pacific Avenue (“758 Pacific") from New Asia Housing, L.P. (“Residential Borrower”) for $2,178,786 under an Agreement of Purchase and Sale for Real Estate (“Purchase Agreement”); 2) placing 758 Pacific under the jurisdiction of MOHCD for use in constructing affordable housing; 3) approving and authorizing a Third Amendment to the Loan Agreement with the Residential Borrower in a total amount not to exceed (“NTE”) $13,666,153 (“Loan Agreement”) to finance predevelopment costs associated with the Project; 4) approving and authorizing the Director of Property and the Director of MOHCD to enter into a Residential Ground Lease to lease a portion of 758 Pacific and 772 Pacific (together, the “Residential Property”) to Residential Borrower for a term of 75 years with one 24-year option to extend and an annual base rent (“ABR”) of $100 plus an annual monitoring and administrative fee of $15,000 Fri, 17 Jul 2026 22:55:26 GMT