City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
251147
Name:
Loan and Grant Agreement - 1035Vets LLC - 1035
Van Ness Avenue - 100% Affordable Veterans
Permanent Supportive Housing - Not to Exceed
$11,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
11/18/2025
Clerk of the Board
On agenda:
Final action:
12/12/2025
Enactment date:
12/12/2025
573-25
Enactment #:
Title:
Resolution approving and authorizing a Loan and Grant Agreement in an amount not to exceed
$11,000,000 consisting of a loan in the amount of $8,000,000 for a minimum term of 55 years and a
grant in the amount of $3,000,000 with 1035Vets LLC for the purpose of rehabilitating real property
located at 1035 Van Ness Avenue (“1035 Van Ness”) into 124 units of permanent supportive housing
for veterans exiting homelessness under the Homekey+ Program administered by the California
Department of Housing and Community Development (the “Project”); adopting findings that the
Project and proposed transactions are consistent with the General Plan, and the eight priority policies
of Planning Code, Section 101.1; authorizing the Mayor and the Director of Mayor’s Office of Housing
and Community Development (“MOHCD”) to execute the Loan and Grant Agreement, and make
certain modifications to such agreements, as defined herein, and take certain actions in furtherance of
this Resolution, as defined herein; and authorizing the Director of MOHCD to enter into any additions,
amendments, or other modifications to the Loan and Grant Agreement that do not materially increase
the obligations or liabilities to the City and are necessary to effectuate the purposes of this Resolution.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. DRAFT Loan and Grant Agmt, 3. DRAFT Promissory Note, 4. DRAFT Decl of Restr, 5.
DRAFT Deed of Trust, 6. DRAFT Developer Fee Agmt, 7. DRAFT Purchase Option, 8. CAHCD Award
Letter 091925, 9. CAHCD Homekey Plus Amended NOFA 013125, 10. CAHLC Recommendation
110725, 11. PLN Ltr 061125, 12. MYR Memo 111825, 13. Form 126, 14. HSH Presentation 120325,
15. BLA Rpt 120325, 16. Cmte Pkt 120325, 17. PAM Temp Mbrs 120125, 18. Public Correspondence,
19. Board Pkt 120925, 20. Leg Final, 21. Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/18/2025
1
RECOMMENDED
Budget and Finance Committee
12/3/2025
1
Pass
ADOPTED
Board of Supervisors
12/9/2025
1
Pass
APPROVED
Mayor
12/12/2025
1