City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
190934
Name:
Loan Agreement - 4840 Mission Housing Associates
LP - 4840 Mission Street - Not to Exceed
$18,510,000
Status:
Type:
Resolution
Passed
File created:
In control:
9/10/2019
Clerk of the Board
On agenda:
Final action:
10/4/2019
Enactment date:
10/4/2019
419-19
Enactment #:
Title:
Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community
Development to execute documents relating to a loan to provide financing for predevelopment
activities for the construction of a 100% affordable 137-unit multifamily rental housing project known
as 4840 Mission, including the payoff of an acquisition loan, completion of additional architectural
design and design consultant work, and other predevelopment activities, in an aggregate amount not
to exceed $18,510,000; approving the form of and authorizing the execution of a first amendment to
the loan agreement, an amended and restated promissory note, and an amendment to the deed of
trust; ratifying and approving any action heretofore taken in connection with the project, as defined
herein; granting general authority to City officials to take actions necessary to implement this
Resolution, as defined herein; and finding that the loan is consistent with the General Plan, and the
eight priority policies of Planning Code, Section 101.1.
Sponsors:
Mayor, Ahsha Safai
Attachments:
1. Leg Ver1, 2. Leg Ver2, 3. DRAFT Loan Agrmt Amend No. 1, 4. Executed Original Loan Agmt
051117, 5. PLN GPR 061419, 6. BLA Report 092519, 7. Form 126, 8. Comm Pkt 092519, 9. Board
Pkt 100119, 10. Form 126 Final, 11. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
9/10/2019
1
AMENDED
Budget and Finance Committee
9/25/2019
1
Pass
RECOMMENDED AS AMENDED
Budget and Finance Committee
9/25/2019
2
Pass
ADOPTED
Board of Supervisors
10/1/2019
2
Pass
APPROVED
Mayor
10/4/2019
2