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File #:
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240373
Version:
1
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Name:
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Accept and Expend Grant - California Department of Housing and Community Development - Affordable Housing and Sustainable Communities Program - Transbay Block 2 East Family - $41,011,377
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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Final action:
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5/9/2024
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Enactment date:
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5/9/2024
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Enactment #:
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222-24
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Title:
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Resolution authorizing the Mayor’s Office of Housing and Community Development (“MOHCD”) to execute the Standard Agreements with the California Department of Housing and Community Development (“HCD” or “Department”) under the Affordable Housing and Sustainable Communities Program for a total award of $41,011,377 including $28,000,000 disbursed by HCD as a loan to the Transbay 2 Family, L.P. a California limited partnership (“Developer”) for a 100% affordable housing project at 200 Folsom (commonly known as Transbay Block 2 East), $7,711,377 to be disbursed as a grant to the Developer for regional transit and infrastructure and programmatic funding near Transbay Block 2 East, and $5,300,000 to be disbursed as a grant to the City for public transportation improvements near Transbay Block 2 East, for the period starting on the execution date of the Standard Agreements through November 30, 2043; and authorizing MOHCD to accept and expend the grant of up to $5,300,000 for transportation, streetscape and pedestrian improvements and other transit oriented programming and improvement as approved by HCD.
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Attachments:
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1. Leg Ver1, 2. Grant Info Form 032024, 3. DRAFT Std Agrmt, 4. PW MOU 033123, 5. MTA MOU 033123, 6. BART MOU 040323, 7. Funding Application, 8. Proposed Expenditure Schedule, 9. Awd Ltr 090123, 10. NOFA Ltr 013023, 11. BOS Motion No. M04-67 061504, 12. BOS Reso No. 612-04 100704, 13. BOS Ord No. 124-05 062305, 14. BOS Ord No. 99-06 051906, 15. BOS Ord No. 84-15 061815, 16. BOS Ord No. 062-16 042816, 17. BOS Ord No. 009-23 020323, 18. MOHCD Memo 032224, 19. Form 126, 20. OCII Presentation 050124, 21. Cmte Pkt 050124, 22. Board Pkt 050724, 23. Leg Final, 24. Form 126 Final
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