File #: 240092    Version: 1 Name: Loan Amendment - Octavia RSU Associates, L.P. - 100% Affordable Housing at 78 Haight Street - Not to Exceed $35,306,233
Type: Resolution Status: Passed
Introduced: 1/30/2024 In control: Clerk of the Board
On agenda: Final action: 3/7/2024
Enactment date: 3/7/2024 Enactment #: 093-24
Title: Resolution approving and authorizing 1) the execution of a First Amendment to the Amended and Restated Loan Agreement with Octavia RSU Associates, L.P., a California limited partnership, to increase the loan amount by up to $8,559,766 for a new total loan amount not to exceed $35,306,233 to finance additional costs related to a 100% affordable, 63-unit multifamily rental housing development affordable to low-income households, including 32 units for Transitional Age Youth who are homeless or at-risk of homelessness, and including up to 3,200 square feet of commercial space located at 78 Haight 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, Matt Dorsey
Attachments: 1. Leg Ver1, 2. DRAFT First Amendment, 3. Original Agrmnt 040122, 4. PLN GPR Letter 020122, 5. CAHLC Memo 010524, 6. Form 126, 7. BLA Rpt 021424, 8. Cmte Pkt 021424, 9. MOHCD Presentation 021424, 10. MOHCD Memo 022124, 11. Board Pkt 022724, 12. Form 126 Final, 13. Leg Final
Related files: 220092
Legislation Details
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