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Title:
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Resolution authorizing the City and County of San Francisco (“City”), through the Department of Homelessness and Supportive Housing (“HSH”), to 1) execute a Standard Agreement with the California Department of Housing and Community Development (“HCD”) and co-applicants Swords to Plowshares: Veterans Rights Organization and 1035Vets LLC for a total award not to exceed $39,044,030 under the Homekey+ Program, including up to $36,044,030 disbursed by HCD as a grant to 1035Vets LLC for acquisition of real property located at 1035 Van Ness for permanent supportive housing for veterans (the “Property”) and support of operating costs, and up to $3,000,000 disbursed by HCD as a grant to the City for rehabilitation of the Property; 2) accept and expend anticipated revenue from the City’s portion of Homekey+ grant funds in an amount up to $3,000,000 for the rehabilitation of the Property; 3) approving and authorizing the City to commit up to $8,000,000 in required matching funds for rehabilitation of the Property and a minimum of five years of operating subsidy, additionally the City committed up to 15 years of operating subsidies through the City’s Local Operating Subsidy Program (“LOSP”) subject to budget appropriations; 4) authorizing the City to assume any joint and several liability for expenditure of the Homekey+ grant under the Standard Agreement; 5) adopting the Planning Department’s findings of consistency with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and 6) authorizing HSH to enter into any additions, amendments, or other modifications to the Standard Agreement and the Homekey+ Documents that do not materially increase the obligations or liabilities of the City or materially decrease the benefits to the City.
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