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File #: 220347    Version: 1 Name: Loan Agreement - Mercy Housing California 82, L.P. - 100% Affordable Housing - 6th Street at Avenue C/78 Johnson Street - Not to Exceed $33,452,317
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 #: 164-22
Title: Resolution approving and authorizing the execution of a Loan Agreement with Mercy Housing California 82, L.P., a California limited partnership, in an amount not to exceed $33,452,317 for a minimum term of 57 years to finance the construction of a 138-unit multifamily rental housing development (plus one staff unit) for low and moderate income families located at 6th Street at Avenue C (old address)/78 Johnson Street (new address) (“Treasure Island Parcel C3.1”); and adopting findings that the Loan Agreement is consistent with the General Plan, and the priority policies of Planning Code, Section 101.1.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. DDA, 3. DDA Exhibit E, 4. Option to Lease Agrmt 111418, 5. DRAFT 2nd Amended & Restated Loan Agrmt, 6. BOS Reso No. 246-11 061311, 7. BOS Ord No. 97-11 061511, 8. Form 126, 9. BLA Rpt 042022, 10. Cmte Rpt 042022, 11. TIDA Presentation 042022, 12. Board Pkt 042622, 13. Form 126 Final, 14. Leg Final, 15. Form 126 Final Amended
Related files: 110228, 220346
Legislation Details
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