City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
220094
Name:
Loan Agreement - CCDC Throughline, L.L.C. - 777
Broadway Street, 1525 Grant Avenue, and 1207
Mason Street - Not to Exceed $26,286,000
Status:
Type:
Resolution
Passed
File created:
In control:
1/25/2022
Clerk of the Board
On agenda:
Final action:
3/28/2022
Enactment date:
3/28/2022
097-22
Enactment #:
Title:
Resolution approving and authorizing the execution of a Loan Agreement with CCDC Throughline
L.L.C., a California limited liability corporation, in an aggregate total amount not to exceed
$26,286,000 for a minimum term of 55 years for a portion of the loan amount and maximum terms of
40 years for other portions of the loan amount based on the requirements of the funding sources, to
finance the acquisition and rehabilitation of three existing 100% affordable multifamily rental housing
projects for low income households, known as “Throughline Apartments,” consisting of 88 rental units
and four commercial spaces in three buildings located at 777 Broadway, 1525 Grant Avenue, and
1207 Mason Street; and adopting findings that the Loan Agreement is consistent with the General
Plan, and the eight priority policies of Planning Code, Section 101.1.
Sponsors:
Mayor, Gordon Mar, Hillary Ronen
Attachments:
1. Leg Ver1, 2. DRAFT Loan Agmt, 3. DRAFT Dev Fee Agmt, 4. DRAFT Secured Promissory Note, 5.
DRAFT Deed of Trust, 6. DRAFT Decl of Restrictions, 7. DRAFT Secured Prommisory Note - BMR, 8.
DRAFT Secured Prommisory Note - Deferred Loan, 9. DRAFT Secured Prommisory Note - Market
Rate Loan, 10. Loan Committee - Gap, PASS, Loan Eval, 11. MOHCD Proforma, 12. Form 126, 13.
BLA Rpt 020922, 14. Cmte Pkt 020922, 15. General Plan Referral 021022, 16. BLA Rpt 031622, 17.
Cmte Pkt 031622, 18. Leg Ver2, 19. Board Pkt 032222, 20. Form 126 Final, 21. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/25/2022
1
CONTINUED TO CALL OF THE CHAIR
Budget and Finance Committee
2/9/2022
1
Pass
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING SAME TITLE
Budget and Finance Committee
3/16/2022
1
Pass
RECOMMENDED AS AMENDED
Budget and Finance Committee
3/16/2022
1
Pass
ADOPTED
Board of Supervisors
3/22/2022
2
Pass
APPROVED
Mayor
3/28/2022
2