File #: 240990    Version: 1 Name: Accept and Expend Grant - California Department of Housing and Community Development Affordable Housing and Sustainable Communities Program - 160 Freelon Street - $41,162,574
Type: Resolution Status: Passed
Introduced: 10/8/2024 In control: Clerk of the Board
On agenda: Final action: 11/7/2024
Enactment date: 11/7/2024 Enactment #: 550-24
Title: Resolution authorizing the Mayor’s Office of Housing and Community Development (“MOHCD”) to execute the Standard Agreements with the California Department of Housing and Community Development (“HCD” or “Department”) under the Affordable Housing and Sustainable Communities Program for a total award of $41,162,574 including $29,000,000 disbursed by HCD as a loan to The Related Companies of California, LLC and the San Francisco Housing Development Corporation (collectively, the “Developer”) for a 100% affordable housing project at 160 Freelon Street and $12,162,574 to be disbursed as a grant to the City for public transportation improvements near 160 Freelon Street, for the period starting on the execution date of the Standard Agreements through November 30, 2044; authorizing MOHCD to accept and expend the grant of up to $12,162,574 for transportation, streetscape, and pedestrian improvements and other transit oriented programming and improvement as approved by HCD.
Sponsors: Mayor, Matt Dorsey, Rafael Mandelman
Attachments: 1. Leg Ver1, 2. Grant Info Form 092624, 3. DRAFT Standard Agmt, 4. Grant Expenditure Schedule, 5. Conditional Award Ltr 082324, 6. Grant Application, 7. MOHCD Memo 091624, 8. Cmte Pkt 103024, 9. Board Pkt 110524, 10. Leg Final
Related files: 230263
Legislation Details
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