City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240024
Name:
Loan Amendment - San Cristina L.P. - 100%
Affordable Housing at 1000 Market Street - Not to
Exceed $12,781,730
Status:
Type:
Resolution
Passed
File created:
In control:
1/9/2024
Clerk of the Board
On agenda:
Final action:
2/9/2024
Enactment date:
2/9/2024
046-24
Enactment #:
Title:
Resolution approving and authorizing 1) the execution of a First Amendment to the Amended and
Restated Loan Agreement with San Cristina L.P., a California limited partnership, to increase the loan
amount by $1,993,694 for a new aggregate loan amount not to exceed $12,781,730 to finance
additional rehabilitation costs related to a 100% affordable, 58-unit multifamily rental housing
development for very-low income formerly homeless households located at 1000 Market Street
(“Project”); and 2) the Mayor and the Director of Mayor’s Office of Housing and Community
Development to execute documents, make certain modifications and take certain actions in
furtherance of this Resolution, as defined herein.
Sponsors:
Mayor, Dean Preston
Attachments:
1. Leg Ver1, 2. DRAFT Amend and Restated Loan Agreement, 3. DRAFT Promissory Note, 4. DRAFT
CITY PASS Market Rate Note, 5. DRAFT PASS Deferred Note, 6. DRAFT PASS BMR Loan, 7.
DRAFT Deed of Trust, 8. DRAFT 1st Amend - Deed of Trust 121823, 9. Exec. Loan Agreement
081022, 10. Rec. Deed of Trust 083122, 11. MOHCD Presentation 012424, 12. BLA Rpt 012424, 13.
Cmte Pkt 012424, 14. Board Pkt 013024, 15. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/9/2024
1
RECOMMENDED
Budget and Finance Committee
1/24/2024
1
Pass
ADOPTED
Board of Supervisors
1/30/2024
1
Pass
APPROVED
Mayor
2/9/2024
1