City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
3
210184
Name:
Small Business Emergency Relief Program -
Retroactive - Not to Exceed $7,300,000
Funding/Loan Agreements - California Rebuilding
Fund, LLC - Expected Amount $4,200,000 -
Funding/Grant Agreements - Kiva Microfunds -
Expected Amount $3,100,000
Status:
Type:
Resolution
Passed
File created:
In control:
2/23/2021
Clerk of the Board
On agenda:
Final action:
5/7/2021
Enactment date:
5/7/2021
181-21
Enactment #:
Title:
Resolution retroactively authorizing the establishment of a small business emergency financial relief
program to be administered by the Office of Economic and Workforce Development (OEWD), and
authorizing the Director of OEWD to enter into agreements not to exceed $7,300,000, for terms
beginning April 1, 2021, through June 30, 2027, including one or more funding/loan agreements with
the California Rebuilding Fund, LLC in an expected amount of $4,200,000 to facilitate the origination
of loans to certain small businesses in the City but which may vary depending on available program
terms and demand; and one or more funding/grant agreements with Kiva Microfunds in an expected
amount of $3,100,000 to provide monies for an interest buydown fund for loans facilitated by the
California Rebuilding Fund to certain small businesses in the City but which may vary depending on
available program terms and demand, and to take necessary actions in connection therewith, as
defined herein.
Sponsors:
Mayor, Catherine Stefani, Rafael Mandelman
Attachments:
1. Leg Ver1, 2. DRAFT Loan Agmt, 3. DRAFT Grant Agmt, 4. SBC Referral 040521, 5. BLA Report
041421, 6. Comm Pkt 041421, 7. Leg Ver2, 8. BLA Report 042121, 9. Comm Pkt 042121, 10. Grant
Agreement - Kiva, 11. PRI Loan Agreement - California Rebuilding Fund, 12. Leg Ver3, 13. Form 126
- Calif Rebuilding Fund, 14. Form 126 - Kiva Microfunds, 15. Board Pkt 042721, 16. MYR Email on
Retroactivity 042721, 17. Form 126 Final - California Rebuilding Fund, 18. Form 126 Final - Kiva
Microfunds, 19. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
2/23/2021
1
REFERRED TO DEPARTMENT
Clerk of the Board
4/5/2021
1
CONTINUED AS AMENDED
Budget and Finance Committee
4/14/2021
2
Pass
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING NEW TITLE
Budget and Finance Committee
4/14/2021
1
Pass
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING SAME TITLE
Budget and Finance Committee
4/21/2021
2
Pass
RECOMMENDED AS AMENDED
Budget and Finance Committee
4/21/2021
3
Pass
ADOPTED
Board of Supervisors
4/27/2021
3
Pass
APPROVED
Mayor
5/7/2021
3