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Title:
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Resolution approving and authorizing the First Amendment to the Amended and Restated Loan Agreement in a total amount not to exceed $16,083,595 (“Loan Agreement”) to finance development costs associated with the development of a 35-unit multifamily residential project affordable to low-income families, including one manager’s unit and a commercial shell for community serving space (the “Project”) on the property located at 3300, 3306, and 3308 Mission Street; 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; and authorizing the Director of the Mayor’s Office of Housing and Community Development (“MOHCD”) to make certain modifications to the Loan Agreement, as defined herein, and take certain actions in furtherance of this Resolution, as defined herein.
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