City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
230317
Name:
Multifamily Housing Revenue Note - Hunters Point
Shipyard Block 52-54 - 151 and 351 Friedell Street -
Not to Exceed $63,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
3/21/2023
Clerk of the Board
On agenda:
Final action:
4/21/2023
Enactment date:
4/21/2023
172-23
Enactment #:
Title:
Resolution approving for purposes of the Internal Revenue Code of 1986, as amended, and
authorizing the execution and delivery of a multifamily housing revenue note in one or more series in
an aggregate principal amount not to exceed $63,000,000 for the purpose of providing financing for
the acquisition and construction of a 112-unit multifamily rental housing project located at 151 and 351
Friedell Street; 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 two regulatory agreements 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 note 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, Shamann Walton, Ahsha Safai, Rafael Mandelman
Attachments:
1. Leg Ver1, 2. DRAFT Funding Loan Agmt, 3. DRAFT Project Loan Agmt, 4. DRAFT Regulatory
Agreement (Site I - Block 52), 5. DRAFT Regulatory Agreement (Site II - Block 54), 6. Project
Description, 7. Public Disclosure Report, 8. CDLAC Reso No. 22-237 113022, 9. TEFRA Certification
of Publication 121322, 10. TEFRA Notice Proof of Publication 121422, 11. TEFRA Hrg Minutes
121322, 12. Form 126, 13. MOHCD Presentation 040523, 14. Cmte Pkt 040523, 15. Board Pkt
041123, 16. Form 126 Final, 17. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
3/21/2023
1
RECOMMENDED
Budget and Finance Committee
4/5/2023
1
Pass
ADOPTED
Board of Supervisors
4/12/2023
1
Pass
APPROVED
Mayor
4/21/2023
1