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Title:
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Resolution authorizing Treasure Island Development Authority (the “Authority”) to execute a Standard Agreement and other related documents with the State of California Department of Housing and Community Development (“HCD”) under the California Housing Accelerator Program which the Standard Agreement includes an award not to exceed $55,601,514 as a loan to Mercy Housing California 82, L.P. (“Developer”), as sole borrower, for construction of a development affordable to low- and moderate-income families at Treasure Island Parcel C3.1, located at Avenue C (old address)/78 Johnson (new address) for a term of five years to commence upon execution of the Standard Agreement by HCD.
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