City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
210502
Name:
Multifamily Housing Revenue Notes - Balboa Park
Housing Partners, L.P. - Balboa Park Upper Yard -
Not to Exceed $90,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/4/2021
Clerk of the Board
On agenda:
Final action:
6/17/2021
Enactment date:
6/17/2021
277-21
Enactment #:
Title:
Resolution authorizing the execution and delivery of multifamily housing revenue notes in two or more
series in an aggregate principal amount not to exceed $90,000,000 for the purpose of providing
financing for the construction of a 131-unit multifamily rental housing project known as “Balboa Park
Upper Yard;” 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 notes; 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; ratifying and approving any action heretofore taken in connection with the back-to-
back loans, the notes and the project; 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 Funding Loan Agmt, 3. DRAFT Project Loan Agmt, 4. DRAFT Regulatory
Agmt, 5. CDLAC Reso No. 20-737 122320, 6. Public Disclosure 042921, 7. Form 126, 8. Pres Action
Memo 052021, 9. Comm Pkt 060321, 10. Comment Ltrs, 11. MOHCD Presentation 060321, 12.
Comm Rpt Rqst 060321, 13. Board Pkt 060821, 14. Post-Packet Comm 060821, 15. Leg Final, 16.
Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
5/4/2021
1
TRANSFERRED
President
5/20/2021
1
REFERRED WITHOUT
RECOMMENDATION AS COMMITTEE
REPORT
Government Audit and Oversight
Committee
6/3/2021
1
Pass
ADOPTED
Board of Supervisors
6/8/2021
1
Pass
APPROVED
Mayor
6/17/2021
1