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File #: 191116    Version: 1 Name: Loan Documents - Amendment to an Existing Loan Agreement - The San Francisco Housing Accelerator Fund - Not to Exceed $20,000,000
Type: Resolution Status: Passed
Introduced: 10/29/2019 In control: Clerk of the Board
On agenda: Final action: 11/27/2019
Enactment date: 11/27/2019 Enactment #: 517-19
Title: Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community Development to execute an Amendment to the Loan Documents related to an existing Loan Agreement with the San Francisco Housing Accelerator Fund (“SFHAF”), a California nonprofit public benefit corporation, for an increase in an amount not to exceed $10,000,000 for a total loan amount of $20,000,000 and a minimum loan term of 20 years to support the SFHAF in reducing capital costs and improving the availability of SFHAF financing for private-party affordable housing acquisitions and rehabilitations in San Francisco; and adopting findings that the Loan Agreement is consistent with the California Environmental Quality Act.
Sponsors: Mayor, Gordon Mar, Catherine Stefani, Hillary Ronen, Rafael Mandelman, Sandra Lee Fewer
Attachments: 1. Leg Ver1, 2. DRAFT First Amendment Loan Agmt, 3. DRAFT Secured Promissary Note, 4. Executed Loan Agmt 041717, 5. BLA Report 111319, 6. Environmental Review Ltr 111219, 7. CEQA Determination 111219, 8. Comm Pkt 111319, 9. Board Pkt 111919, 10. Form 126, 11. Form 126 Final, 12. Leg Final
Related files: 190438
Legislation Details
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