City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240092
Name:
Loan Amendment - Octavia RSU Associates, L.P. -
100% Affordable Housing at 78 Haight Street - Not
to Exceed $35,306,233
Status:
Type:
Resolution
Passed
File created:
In control:
1/30/2024
Clerk of the Board
On agenda:
Final action:
3/7/2024
Enactment date:
3/7/2024
093-24
Enactment #:
Title:
Resolution approving and authorizing 1) the execution of a First Amendment to the Amended and
Restated Loan Agreement with Octavia RSU Associates, L.P., a California limited partnership, to
increase the loan amount by up to $8,559,766 for a new total loan amount not to exceed $35,306,233
to finance additional costs related to a 100% affordable, 63-unit multifamily rental housing
development affordable to low-income households, including 32 units for Transitional Age Youth who
are homeless or at-risk of homelessness, and including up to 3,200 square feet of commercial space
located at 78 Haight 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, Matt Dorsey
Attachments:
1. Leg Ver1, 2. DRAFT First Amendment, 3. Original Agrmnt 040122, 4. PLN GPR Letter 020122, 5.
CAHLC Memo 010524, 6. Form 126, 7. BLA Rpt 021424, 8. Cmte Pkt 021424, 9. MOHCD
Presentation 021424, 10. MOHCD Memo 022124, 11. Board Pkt 022724, 12. Form 126 Final, 13. Leg
Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/30/2024
1
RECOMMENDED
Budget and Finance Committee
2/14/2024
1
Pass
ADOPTED
Board of Supervisors
2/27/2024
1
Pass
APPROVED
Mayor
3/7/2024
1