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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”) under the Affordable Housing and Sustainable Communities Program for a total award of $25,319,112 including $15,319,112 disbursed by HCD as a loan to the Balboa Park Housing Partners L.P. (“Developer”) for a 100% affordable housing project at 2340 San Jose Avenue and $10,000,000 to be disbursed as a grant to the City and/or Developer for public transportation improvements near 2340 San Jose Avenue, for the period starting on the execution date of the Standard Agreements to June 30, 2040; and authorizing MOHCD to accept and expend the grant of up to $10,000,000 for transportation, bicycle and pedestrian improvements and other transit oriented programming and improvement approved by HCD.
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