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Title:
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Resolution authorizing the Mayor’s Office of Housing and Community Development on behalf of the City and County of San Francisco to execute the Standard Agreements and other related documents with the State of California Department of Housing and Community Development (“HCD” or “Department”) under the Affordable Housing and Sustainable Communities Program for a total award of $29,269,952 including $20,000,000 disbursed by HCD as a loan to The Kelsey Civic Center, L.P. (“Developer”) for a 100% affordable housing project at 240 Van Ness Avenue and $9,269,952 to be disbursed as a grant to the City for public transit improvements near 240 Van Ness Avenue, for the period starting on the execution date of the Standard Agreements to April 30, 2028; authorizing MOHCD to accept and expend the grant of up to $9,269,952 for transit, bicycle and pedestrian improvements, and other transit oriented programming as approved by HCD.
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