https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6733974&GUID=FA9D8CB8-4F7D-4ED3-AFAB-1D49F17D28BELegistar15https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6733974&GUID=FA9D8CB8-4F7D-4ED3-AFAB-1D49F17D28BEFA9D8CB8-4F7D-4ED3-AFAB-1D49F17D28BE-2024-10-11-05-08-15Title: Resolution 1) 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 1515 South Van Ness Avenue, 3251-3255 26th Street, and 1214 Shotwell Street (“Property”) with Casa Adelante SVN Housing, 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 168-unit (including one manager’s unit) multifamily rental housing development affordable to low-income households and including community-serving commercial space (the “Project”); 2) 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; 3) 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 4) authorizing the Director of ProFri, 11 Oct 2024 05:08:15 GMT