City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240704
Name:
Ground Lease - Casa Adelante SVN Housing, L.P. -
1515 South Van Ness Avenue, 3251-3255 26th
Street, and 1214 Shotwell Street - 100% Affordable
Housing - $15,000 Annual Base Rent
Status:
Type:
Resolution
Passed
File created:
In control:
6/18/2024
Clerk of the Board
On agenda:
Final action:
8/1/2024
Enactment date:
8/1/2024
422-24
Enactment #:
Title:
Resolution 1) approving and authorizing the Director of Property and Director of the Mayor’s Office of
Housing and Community Development (“MOHCD”) to enter into a Ground Lease for real property
owned by the City located at 1515 South Van Ness Avenue, 3251-3255 26th Street, and 1214
Shotwell Street (“Property”) with Casa Adelante SVN Housing, L.P. for a lease term of 75 years and
one 24-year option to extend and an annual base rent of $15,000 (“Ground Lease”) in order to
construct a 168-unit (including one manager’s unit) multifamily rental housing development affordable
to low-income households and including community-serving commercial space (the “Project”); 2)
adopting findings that the Project and proposed transactions are consistent with the General Plan,
and the eight priority policies of Planning Code, Section 101.1; 3) determining that the less than
market rent payable under the Ground Lease will serve a public purpose by providing affordable
housing for low-income households in need, in accordance with Administrative Code, Section 23.30;
and 4) authorizing the Director of Property and the Director of MOHCD to execute the Ground Lease,
and make certain modifications and take certain actions in furtherance of this Resolution, as defined
herein.
Sponsors:
Mayor, Hillary Ronen, Myrna Melgar, Rafael Mandelman
Attachments:
1. Leg Ver1, 2. DRAFT Ground Lease, 3. PLN Approval Ltr 041924, 4. PLN General Plan Ref 051624,
5. Form 126, 6. BLA Rpt 071724, 7. Cmte Pkt 071724, 8. Board Pkt 072324, 9. Form 126 Final, 10.
Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/18/2024
1
RECOMMENDED
Budget and Finance Committee
7/17/2024
1
Pass
Board of Supervisors
7/23/2024
1
APPROVED
Mayor
8/1/2024
1