City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
191116
Name:
Loan Documents - Amendment to an Existing Loan
Agreement - The San Francisco Housing
Accelerator Fund - Not to Exceed $20,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
10/29/2019
Clerk of the Board
On agenda:
Final action:
11/27/2019
Enactment date:
11/27/2019
517-19
Enactment #:
Title:
Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community
Development to execute an Amendment to the Loan Documents related to an existing Loan
Agreement with the San Francisco Housing Accelerator Fund (“SFHAF”), a California nonprofit public
benefit corporation, for an increase in an amount not to exceed $10,000,000 for a total loan amount of
$20,000,000 and a minimum loan term of 20 years to support the SFHAF in reducing capital costs
and improving the availability of SFHAF financing for private-party affordable housing acquisitions and
rehabilitations in San Francisco; and adopting findings that the Loan Agreement is consistent with the
California Environmental Quality Act.
Sponsors:
Mayor, Gordon Mar, Catherine Stefani, Hillary Ronen, Rafael Mandelman, Sandra Lee Fewer
Attachments:
1. Leg Ver1, 2. DRAFT First Amendment Loan Agmt, 3. DRAFT Secured Promissary Note, 4.
Executed Loan Agmt 041717, 5. BLA Report 111319, 6. Environmental Review Ltr 111219, 7. CEQA
Determination 111219, 8. Comm Pkt 111319, 9. Board Pkt 111919, 10. Form 126, 11. Form 126 Final,
12. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
10/29/2019
1
REFERRED TO DEPARTMENT
Clerk of the Board
11/12/2019
1
RESPONSE RECEIVED
Planning Department
11/12/2019
1
RECOMMENDED
Budget and Finance Committee
11/13/2019
1
Pass
ADOPTED
Board of Supervisors
11/19/2019
1
Pass
APPROVED
Mayor
11/27/2019
1