City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
210384
Name:
Multifamily Housing Revenue Note - 4840 Mission
Housing Associates, LP - Not to Exceed
$75,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
4/13/2021
Clerk of the Board
On agenda:
Final action:
5/14/2021
Enactment date:
5/14/2021
209-21
Enactment #:
Title:
Resolution authorizing the execution and delivery of a multifamily housing revenue note in one or
more series in an aggregate principal amount not to exceed $75,000,000 for the purpose of providing
financing for the construction of a 137-unit multifamily rental housing project known as “4840 Mission
Apartments;” approving the form of and authorizing the execution of a funding loan agreement,
providing the terms and conditions of the loan from the funding lender to the City, and the execution
and delivery of the note; approving the form of and authorizing the execution of a project loan
agreement providing the terms and conditions of the loan from the City to the borrower; approving the
form of and authorizing the execution of a regulatory agreement and declaration of restrictive
covenants; authorizing the collection of certain fees; approving modifications, changes and additions
to the documents, as defined herein; ratifying and approving any action heretofore taken in connection
with the back-to-back loans, the note and the project, as defined herein; granting general authority to
City officials to take actions necessary to implement this Resolution, as defined herein; and related
matters, as defined herein.
Sponsors:
Mayor, Ahsha Safai
Attachments:
1. Leg Ver1, 2. DRAFT Regulatory Agmt, 3. DRAFT Funding Loan Agmt, 4. DRAFT Project Loan
Agmt, 5. CDLAC Reso No. 20-192 122320, 6. Public Disclosures, 7. Form 126, 8. Comm Pkt 042821,
9. Board Pkt 050421, 10. Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
4/13/2021
1
RECOMMENDED
Budget and Finance Committee
4/28/2021
1
Pass
ADOPTED
Board of Supervisors
5/4/2021
1
Pass
APPROVED
Mayor
5/14/2021
1