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File #: 190146    Version: 1 Name: Loan Agreement - 88 Broadway Family, L.P. - 100% Affordable Housing at 88 Broadway - Not to Exceed $31,020,739
Type: Resolution Status: Passed
Introduced: 2/5/2019 In control: Clerk of the Board
On agenda: Final action: 3/15/2019
Enactment date: 3/15/2019 Enactment #: 108-19
Title: Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community Development to execute a Loan Agreement with 88 Broadway Family, L.P., a California limited partnership, in an amount not to exceed $31,020,739 for a minimum term of 57 years to finance the construction of a 100% affordable, 124-unit multifamily rental housing development (plus one staff unit) for low and moderate income households (“Broadway 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. RFP 1215, 10. Form 126, 11. BLA Report 022719, 12. Comm Pkt 022719, 13. Board Pkt 030519, 14. Form 126 Final, 15. Leg Final
Legislation Details
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