Resolution delegating limited authority to execute and deliver certificates declaring the City’s official intent to reimburse original expenditures for the costs of multifamily rental housing projects in the City with proceeds of residential mortgage revenue bonds or notes of the City, for purposes of Section 1.150-2 of Title 26 of the Code of Federal Regulations; delegating limited authority to execute and deliver certificates granting public approval of residential mortgage revenue bonds to finance multifamily rental housing projects in the City; and approving certain related matters, as defined herein.

This resolution allows the City to issue up to $107.6 million in revenue notes to finance the construction of a 168-unit rental housing project called "Casa Adelante" at 1515 South Van Ness Avenue. It also approves various agreements related to the funding and regulatory aspects of the project.

This resolution allows the City to issue up to $19 million in revenue notes to finance the construction of a 68-unit rental housing project at 1303 Larkin Street. It also approves various agreements and authorizes city officials to take necessary actions to implement the project.

This resolution allows the City to issue up to $60 million in bonds to finance the construction of a 136-unit rental housing project at 2970-16th Street. It also approves various agreements and authorizes city officials to take necessary actions to implement the project.

A formal position or approval by the Board: Approve for purposes of the Internal Revenue Code of 1986, as amended, allow the execution and delivery of a multifamily housing revenue note in one or more series in an aggregate principal amount not to exceed $18,736,700 for the purpose of providing financing for the rehabilitation of a 71-unit (plus one manager’s unit) multifamily rental housing project located at 1820 Post Street, known as “Golden Gate Apartments”. In short: a symbolic stance, not a binding law.