https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4938699&GUID=C718A7C7-7652-4D80-A98F-9B5B10ED9E89Legistar15https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4938699&GUID=C718A7C7-7652-4D80-A98F-9B5B10ED9E89C718A7C7-7652-4D80-A98F-9B5B10ED9E89-2022-04-03-07-46-34Title: Resolution 1) approving and authorizing the Director of Property and the Mayor’s Office of Housing and Community Development (“MOHCD”) to enter into a Ground Lease for Real Property owned by the City and located at 2340 San Jose Avenue (“Property”) with the Balboa Park Housing Partners, L.P. (“Developer”) 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 100% affordable, 131-unit multifamily rental housing development affordable to very-low and low-income households, with 39 units set aside for HOPE SF residents voluntarily relocating, and 10,791 sq. ft of commercial space, with an early childhood education center, community space and resource center, community bike space, and two additional spaces for public benefit purposes or community-serving purposes (the “Project”); 2) approving and authorizing a Loan Agreement in an amount not to exceed $24,459,458 for a minimum loan term of 57 years (“Loan Agreement”) to finance the development and construction of the Project; 3) approving and authorizing Sun, 03 Apr 2022 07:46:34 GMT