File #: 240024    Version: 1 Name: Loan Amendment - San Cristina L.P. - 100% Affordable Housing at 1000 Market Street - Not to Exceed $12,781,730
Type: Resolution Status: Passed
Introduced: 1/9/2024 In control: Clerk of the Board
On agenda: Final action: 2/9/2024
Enactment date: 2/9/2024 Enactment #: 046-24
Title: Resolution approving and authorizing 1) the execution of a First Amendment to the Amended and Restated Loan Agreement with San Cristina L.P., a California limited partnership, to increase the loan amount by $1,993,694 for a new aggregate loan amount not to exceed $12,781,730 to finance additional rehabilitation costs related to a 100% affordable, 58-unit multifamily rental housing development for very-low income formerly homeless households located at 1000 Market Street (“Project”); and 2) the Mayor and the Director of Mayor’s Office of Housing and Community Development to execute documents, make certain modifications and take certain actions in furtherance of this Resolution, as defined herein.
Sponsors: Mayor, Dean Preston
Attachments: 1. Leg Ver1, 2. DRAFT Amend and Restated Loan Agreement, 3. DRAFT Promissory Note, 4. DRAFT CITY PASS Market Rate Note, 5. DRAFT PASS Deferred Note, 6. DRAFT PASS BMR Loan, 7. DRAFT Deed of Trust, 8. DRAFT 1st Amend - Deed of Trust 121823, 9. Exec. Loan Agreement 081022, 10. Rec. Deed of Trust 083122, 11. MOHCD Presentation 012424, 12. BLA Rpt 012424, 13. Cmte Pkt 012424, 14. Board Pkt 013024, 15. Leg Final
Legislation Details
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