City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
220347
Name:
Loan Agreement - Mercy Housing California 82, L.P.
- 100% Affordable Housing - 6th Street at Avenue
C/78 Johnson Street - Not to Exceed $33,452,317
Status:
Type:
Resolution
Passed
File created:
In control:
4/5/2022
Clerk of the Board
On agenda:
Final action:
4/28/2022
Enactment date:
4/28/2022
164-22
Enactment #:
Title:
Resolution approving and authorizing the execution of a Loan Agreement with Mercy Housing
California 82, L.P., a California limited partnership, in an amount not to exceed $33,452,317 for a
minimum term of 57 years to finance the construction of a 138-unit multifamily rental housing
development (plus one staff unit) for low and moderate income families located at 6th Street at
Avenue C (old address)/78 Johnson Street (new address) (“Treasure Island Parcel C3.1”); and
adopting findings that the Loan Agreement is consistent with the General Plan, and the priority
policies of Planning Code, Section 101.1.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. DDA, 3. DDA Exhibit E, 4. Option to Lease Agrmt 111418, 5. DRAFT 2nd Amended &
Restated Loan Agrmt, 6. BOS Reso No. 246-11 061311, 7. BOS Ord No. 97-11 061511, 8. Form 126,
9. BLA Rpt 042022, 10. Cmte Rpt 042022, 11. TIDA Presentation 042022, 12. Board Pkt 042622, 13.
Form 126 Final, 14. Leg Final, 15. Form 126 Final Amended
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
4/5/2022
1
RECOMMENDED
Budget and Finance Committee
4/20/2022
1
Pass
ADOPTED
Board of Supervisors
4/26/2022
1
Pass
APPROVED
Mayor
4/28/2022
1