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Resolution#220759Passed
In plain English
This resolution approves a loan of up to $17,680,000 to Potrero Housing Associates II, L.P. for the construction of a 157-unit rental housing development aimed at low-income households, called Potrero HOPE SF Block B. It also confirms that the loan agreement aligns with environmental and planning regulations.
Resolution approving and authorizing the Director of the Mayorβs Office of Housing and Community Development to execute an Amended and Restated Loan Agreement with Potrero Housing Associates II, L.P., a California limited partnership, for a total loan amount not to exceed $17,680,000 to finance the construction of a 157-unit multifamily rental housing development for low-income households, which will be known as Potrero HOPE SF Block B (the "Project"); and adopting findings that the loan agreement is consistent with the adopted Mitigation Monitoring and Reporting Program under the California Environmental Quality Act, General Plan, and the eight priority policies of Planning Code, Section 101.1.
How it got here
Document trail
PDF β
DRAFT Amend and Restated Loan Agmt
PDF βAmendment
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PLN Gen Pln Findings 121015
PDF βSF Planning Department
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BLA Rpt 071322
PDF βBudget and Legislative Analyst
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How they voted
ADOPTED
Board of Supervisors Β· Jul 19, 2022Pass
5-0
Legislative journey
PresidentJun 28, 2022
βRECEIVED AND ASSIGNED
Budget and Finance CommitteeJul 13, 2022
βRECOMMENDEDPass
Board of SupervisorsJul 19, 2022
βADOPTEDPass
MayorJul 22, 2022
βAPPROVED