City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
260773
Name:
Amended Loan Agreement - 1234 Great Highway
LLC - 1234, 1270, and 1280 Great Highway - 100%
Affordable Housing - Not to Exceed $27,248,500
Status:
Type:
Resolution
Passed
File created:
In control:
6/30/2026
Clerk of the Board
On agenda:
Final action:
7/23/2026
Enactment date:
7/23/2026
434-26
Enactment #:
Title:
Resolution approving and authorizing the First Amendment to the Loan Agreement between the City,
acting by and through the Mayor’s Office of Housing and Community Development (“MOHCD”), and
1234 Great Highway LLC to finance predevelopment costs associated with the development of an
approximately 216-unit multifamily residential project affordable to low-income and formerly homeless
seniors, including a commercial shell for community serving space (the “Project”) on the property
located at 1234, 1270, and 1280 Great Highway in a total amount not to exceed $27,248,500;
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; and authorizing the Director of
MOHCD to make certain modifications to the Loan Agreement, as defined herein, and take certain
actions in furtherance of this Resolution, as defined herein.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. DRAFT Amend No. 1, 3. DRAFT Promissory Note, 4. DRAFT Deed of Trust -
Assignment of Rents, 5. Loan Agmt 121123, 6. NOFA 012723, 7. NOFA Notice of Amendment
053023, 8. AHLC Memo 051526, 9. PLN GPR 110723, 10. MYR Memo 063026, 11. Form 126, 12.
BLA Rpt 071526, 13. Cmte Pkt 071526, 14. Board Pkt 072126, 15. Leg Final, 16. Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/30/2026
1
RECOMMENDED
Budget and Finance Committee
7/15/2026
1
Pass
ADOPTED
Board of Supervisors
7/21/2026
1
Pass
APPROVED
Mayor
7/23/2026
1