City and County of San Francisco - File #: 261107

• File #: 261107
• Version: 1
• Name: Loan Purchase Agreement - MEDA Small Properties, LLC - 2059-2065 Mission Street - 100% Affordable Housing - Acquisition, Rehabilitation and Permanent Financing - Not to Exceed $22,157,500
• Type: Resolution
• Status: Pending Committee Action
• Introduced: 10/6/2026
• In control: Budget and Finance Committee
• Title: Resolution 1) approving and authorizing a Loan Purchase Agreement for the purchase of an existing loan in an amount of $20,258,781 for a purchase price not to exceed $20,258,781 from the San Francisco Housing Accelerator Fund (“SFHAF Loan”) related to the acquisition, preservation, and rehabilitation of a 39-unit mixed-use building as 100% affordable housing for low- to moderate-income households, comprised of 35 residential units, including one manager’s unit, and four commercial units, located at 2059-2065 Mission Street (Assessor’s Parcel Block No. 3570, Lot No. 023) (the “Project”); 2) authorizing the assumption of obligations under the SFHAF Loan to disburse an amount not to exceed $2,033,139 to complete rehabilitation and fund reserves of the Project; 3) approving and authorizing an Amended and Restated Loan Agreement with MEDA Small Properties, LLC (“Borrower”) in an amount not to exceed $22,157,500 for a minimum loan term of 40 years (“City Loan Agreement”) to amend and restate the SFHAF Loan and provide permanent financing for the Project after completion of all rehabilitation; 4) 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; 5) authorizing the Mayor and the Director of Mayor’s Office of Housing and Community Development (“MOHCD”) to execute the Loan Purchase Agreement and the City Loan Agreement, and make certain modifications to such agreements, as defined herein, and take certain actions in furtherance of this Resolution, as defined herein; and 6) authorizing the Director of MOHCD to enter into any additions, amendments, or other modifications to the Loan Agreement that do not materially increase the obligations or liabilities to the City and are necessary to effectuate the purposes of this Resolution.
• Sponsors: Mayor, Jackie Fielder

Date	Ver.	Action By	Action	Result
10/6/2026	1	President	RECEIVED AND ASSIGNED