City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
230379
Name:
Multifamily Housing Revenue Note - Hunters View
Phase 3 - Vertical - Not to Exceed $76,000,000
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
203-23
Enactment #:
Title:
Resolution authorizing the execution and delivery of a multifamily housing revenue note in one or
more series in an aggregate principal amount not to exceed $76,000,000 for the purpose of providing
financing for the construction of a 118-unit multifamily rental housing project known as “Hunters View
Phase 3 - Vertical”; approving the form of and authorizing the execution of a funding loan agreement
providing the terms and conditions of the construction loan from the construction funding lender to the
City, and the execution and delivery of the construction note; approving the form of and authorizing
the execution of a project loan agreement providing the terms and conditions of the construction loan
from the City to the borrower; approving the form of and authorizing the execution of an amended and
restated funding loan agreement providing the terms and conditions of the permanent loan from the
permanent funding lender to the City, and the execution and delivery of the permanent note;
approving the form of and authorizing the execution of an amended and restated project loan
agreement providing the terms and conditions of the permanent loan from the City to the borrower;
approving the form of and authorizing the execution of a regulatory agreement and declaration of
restrictive covenants for each site of the subject project; authorizing the collection of certain fees;
approving, for purposes of the Internal Revenue Code of 1986, as amended, the issuance and sale of
residential mortgage revenue bonds by the City in an aggregate principal amount not to exceed
$76,000,000; approving modifications, changes and additions to the documents; ratifying and
approving any action heretofore taken in connection with the back-to-back loans, the notes 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, Rafael Mandelman, Ahsha Safai, Dean Preston
Attachments:
1. Leg Ver1, 2. DRAFT Regulatory Agrmt, 3. DRAFT Project Loan Agrmt, 4. DRAFT Amended &
Restated Project Loan Agrmt, 5. DRAFT Funding Loan Agrmt, 6. DRAFT Amended & Restated
Funding Loan Agrmt, 7. Certificate TEFRA Pub 121322, 8. TEFRA Hearing Minutes 121322, 9.
TEFRA Notice Proof of Pub 121422, 10. CDLAC Reso No. 22-277 113022, 11. CDLAC Reso No. 23-
119 031523, 12. BOS Reso No. 17-21 020421, 13. Project Description, 14. Public Disclosures, 15.
Form 126, 16. MOHCD Presentation 041923, 17. Cmte Pkt 041923, 18. Board Pkt 042523, 19. Form
126 Final, 20. Leg Final, 21. Rec Reg Agrmt (Site I) 053023, 22. Rec Reg Agrmt (Site II) 053023, 23.
Executed Funding Loan Agrmt 050123, 24. Executed Project Loan Agrmt 050123
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
6/26/2023
1