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File #: 220346    Version: Name: Standard Agreement - California Department of Housing and Community Development California Housing Accelerator Program - Treasure Island Parcel C3.1 - $55,601,514
Type: Resolution Status: Passed
Introduced: 4/5/2022 In control: Clerk of the Board
On agenda: Final action: 4/28/2022
Enactment date: 4/28/2022 Enactment #: 163-22
Title: 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.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. DRAFT Standard Agreement Template, 3. DDA 062811, 4. CA HCD Memo and Proj Solicitation 100521, 5. Program Application, 6. CA HCD Award Ltr 020322, 7. Citywide Affordable Housing Loan Committee Approval 031822, 8. Summary Proforma, 9. BOS Reso No. 97-11, 10. BOS Reso No. 246-11, 11. Form 126, 12. BLA Rpt 042022, 13. Cmte Rpt 042022, 14. TIDA Presentation 042022, 15. Leg Ver2, 16. Board Pkt 042622, 17. Form 126 Final, 18. Leg Final
Related files: 220347, 110328, 110228
Legislation Details
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