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Title:
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Resolution approving and authorizing the Mayor and Director of the Mayor’s Office of Housing and Community Development (“MOHCD”) to execute a Loan Agreement to provide a loan to San Francisco SafeHouse Holdings, LLC (“Borrower”) in a total amount not to exceed $15,850,000 to finance the acquisition and rehabilitation of 100% affordable housing located at 101 Gough Street, consisting of a total of 23 residential rental units as transitional housing for extremely low income households, very low income households, and/or lower income households who need safe and stable housing, and are experiencing i) trauma-informed homelessness, ii) street violence, iii) domestic violence and abuse, iv) sexual abuse and assault, and/or v) human trafficking (the “Project”), including a provision allowing for the retroactive financing of certain acquisition costs on January 17, 2024, and certain predevelopment expenses after September 22, 2025; affirming the Planning Department’s determination under the California Environmental Quality Act; adopting findings that the Project and the proposed transactions are consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and authorizing the Mayor and Director of MOHCD or their designee to execute the loan documents for the Project and make certain modifications to such loan documents, as defined herein, and take certain actions in furtherance of this Resolution, as defined herein.
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