City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
230062
Name:
Loan Agreement - Sunnydale Block 3B Housing
Partners, L.P. - Sunnydale HOPE SF Block 3B -
100% Affordable Housing - Not To Exceed
$31,506,016
Status:
Type:
Resolution
Passed
File created:
In control:
1/24/2023
Clerk of the Board
On agenda:
Final action:
2/23/2023
Enactment date:
2/23/2023
059-23
Enactment #:
Title:
Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community
Development (MOHCD) to execute an Amended and Restated Loan Agreement with Sunnydale Block
3B Housing Partners, L.P., a California limited partnership, for a total loan amount not to exceed
$31,506,016 to finance the construction of a 90-unit multifamily rental housing development for low-
income households, which will be known as Sunnydale HOPE SF Block 3B (the "Project"); adopting
findings that the loan agreement is consistent with the adopted Mitigation Monitoring and Reporting
Program under the California Environmental Quality Act, the General Plan, and the eight priority
policies of Planning Code, Section 101.1; and authorizing the Director of MOHCD or his or her
designee to enter into any amendments or modifications to the Agreement and any other documents
or instruments necessary in connection therewith that the Director determines are in the best interest
of the City, do not materially increase the obligations or liabilities for the City or materially diminish the
benefits of the City, and are necessary or advisable to effectuate the purposes and intent of this
Resolution.
Sponsors:
Mayor, Shamann Walton, Ahsha Safai, Rafael Mandelman
Attachments:
1. Leg Ver1, 2. DRAFT Amended and Restated Loan Agmt, 3. HOPE SF RFQ 101607, 4. HOPE SF
NOFA 040208, 5. BOS Ord No. 180-07 072407, 6. BOS Ord No. 18-17 013117, 7. BOS Ord No. 20-
17 013107, 8. GPR HOPE SF - Sunnydale - General Plan Findings - Attachment A, 9. Form 126, 10.
MOHCD Presentation 020823, 11. BLA Rpt 020823, 12. Cmte Pkt 020823, 13. Board Pkt 021423, 14.
Form 126 Final, 15. Leg Final, 16. Executed Loan Agmt 022323
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/24/2023
1
RECOMMENDED
Budget and Finance Committee
2/8/2023
1
Pass
ADOPTED
Board of Supervisors
2/14/2023
1
Pass
APPROVED
Mayor
2/23/2023
1
RECEIVED FROM DEPARTMENT
Clerk of the Board
6/23/2023
1