City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
250288
Name:
Loan Agreement - Sunnydale Block 7 Housing
Partners, L.P. - Sunnydale HOPE SF Block 7 -
100% Affordable Housing - Not to Exceed
$18,050,000
Status:
Type:
Resolution
Passed
File created:
In control:
3/25/2025
Clerk of the Board
On agenda:
Final action:
4/25/2025
Enactment date:
4/25/2025
164-25
Enactment #:
Title:
Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community
Development to execute an Amended and Restated Loan Agreement with Sunnydale Block 7 Housing
Partners, L.P., a California limited partnership, for a total loan amount not to exceed $18,050,000 to
finance the construction of a 89-unit multifamily rental housing development for low-income
households, which will be known as Sunnydale HOPE SF Block 7; and adopting findings that the loan
agreement is 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; and authorizes and delegates to the Director of MOHCD and/or the Director of
Property, and their designees, the authority to undertake any actions necessary to protect the City’s
financial security in the Property and enforce the affordable housing restrictions.
Sponsors:
Mayor, Shamann Walton, Rafael Mandelman
Attachments:
1. Leg Ver1, 2. DRAFT Loan Agrmt, 3. PC Motion No. 19785 111716, 4. NOFA 040208, 5. RFQ
101607, 6. BOS Ord No. 180-07 080307, 7. BOS Reso No. 556-07 102207, 8. BOS Ord No. 18-17
020117, 9. BOS Ord No. 20-17 020317, 10. MYR Memo 032525, 11. Form 126, 12. MOHCD
Presentation 040925, 13. BLA Rpt 040925, 14. Cmte Pkt 040925, 15. Board Pkt 041525, 16. Form
126 Final, 17. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
3/25/2025
1
RECOMMENDED
Budget and Finance Committee
4/9/2025
1
Pass
ADOPTED
Board of Supervisors
4/15/2025
1
Pass
APPROVED
Mayor
4/25/2025
1