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File #: 190144    Version: 1 Name: Loan Agreement - 735 Davis Senior, L.P. - 100% Affordable Housing at 735 Davis Street - Not to Exceed $19,583,557
Type: Resolution Status: Pending Committee Action
Introduced: 2/5/2019 In control: Budget and Finance Committee
On agenda: Final action:
Enactment date: Enactment #:
Title: Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community Development to execute a Loan Agreement with 735 Davis Senior, L.P., a California limited partnership, in an amount not to exceed $19,583,557 for a minimum term of 57 years to finance the construction of a 100% affordable, 52-unit multifamily rental housing development (plus one staff unit) for low and moderate income senior households (“Davis Project”); and adopting findings that the Loan Agreement is consistent with the adopted Mitigation Monitoring and Reporting Program under the California Environmental Quality Act, the General Plan, and the eight priority policies of Planning Code, Section 101.1.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. DRAFT Loan Agrmt, 3. DRAFT Residential Note, 4. DRAFT Commercial Note, 5. DRAFT Residential Deed of Trust, 6. DRAFT Commercial Deed of Trust, 7. DRAFT Declaration of Restrictions, 8. PLN GPR Note 012419, 9. Form 126, 10. BLA Report 022719, 11. Comm Pkt 022719
Legislation Details
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