City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
230377
Name:
Loan Agreement - Sunnydale Block 3A Housing
Partners, L.P. - Sunnydale HOPE SF Block 3A -
100% Affordable Housing - Loan Amount Not to
Exceed $27,272,065
Status:
Type:
Resolution
Passed
File created:
In control:
4/4/2023
Clerk of the Board
On agenda:
Final action:
5/3/2023
Enactment date:
5/3/2023
201-23
Enactment #:
Title:
Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community
Development to (1) execute an Amended and Restated Loan Agreement with Sunnydale Block 3A
Housing Partners, L.P., a California limited partnership, for a total loan amount not to exceed
$14,862,818 to finance the construction of a 80-unit multifamily rental housing development for low-
income households, which will be known as Sunnydale HOPE SF Block 3A (the "Project"), and (2) to
execute a Loan Agreement with Sunnydale Commercial LLC, a California limited liability company, for
a total loan amount not to exceed $12,409,247 to finance the community-serving commercial parcel
connected to the 100% affordable housing Project (the “Commercial Project”) for a total amount not to
exceed $27,272,065; and adopting findings that the loan agreements are 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.
Sponsors:
Mayor, Shamann Walton, Rafael Mandelman, Ahsha Safai, Dean Preston
Attachments:
1. Leg Ver1, 2. DRAFT Sunnydale 3A Residential Loan Agreement, 3. DRAFT Sunnydale Block 3A
Commercial Loan Agmt, 4. HOPE SF NOFA 040208, 5. PLN Comm Mot. 19785 111716 (Adopting GP
Findings), 6. Attachment A - PLN General Plan Findings, 7. HOPE SF SFHA RFQ 101607, 8. BOS
Ord. No. 18-17 020117, 9. BOS Ord. No. 20-17 020317, 10. BOS Ord. No. 180-07 080307, 11. Form
126, 12. MOHCD Presentation 041923, 13. BLA Rpt 041923, 14. Cmte Pkt 041923, 15. Board Pkt
042523, 16. Form 126 Final, 17. Leg Final, 18. Executed Residential Loan Agrmt, 19. Executed
Commercial Loan Agrmt
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
4/4/2023
1
RECOMMENDED
Budget and Finance Committee
4/19/2023
1
Pass
ADOPTED
Board of Supervisors
4/25/2023
1
Pass
APPROVED
Mayor
5/3/2023
1
RECEIVED FROM DEPARTMENT
Clerk of the Board
7/28/2023
1