https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8127460&GUID=5BE52301-42E3-4493-B554-051229A6B14ELegistar15https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8127460&GUID=5BE52301-42E3-4493-B554-051229A6B14E5BE52301-42E3-4493-B554-051229A6B14E-2026-07-03-00-28-24Title: Resolution approving and authorizing the Director of Property and Director of the Mayor’s Office of Housing and Community Development (“MOHCD”) to enter into a Ground Lease for real property owned by the City located at 1939 Market Street (“Property”) with Mercy Housing California 109, L.P. for a lease term of 75 years and one 24-year option to extend and an annual base rent of $15,000 (“Ground Lease”) in order to construct a 187-unit (including two managers’ units) multifamily rental housing development affordable to low-income households (the “Project”); adopting findings that the Project and proposed transactions are consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; determining that the less than market rent payable under the Ground Lease will serve a public purpose by providing affordable housing for low-income households in need, in accordance with Administrative Code Section 23.30; and authorizing the Director of Property and the Director of MOHCD to execute the Ground Lease, and make certain modifications and take certain actionFri, 03 Jul 2026 00:28:24 GMT