Resolution approving and authorizing the Department of Homelessness and Supportive Housing to apply to the California Department of Housing and Community Development for a Homekey Grant for the property located at 42 Otis Street in an amount not to exceed $9,409,600 on behalf of the City and County of San Francisco.

The resolution approves a lease agreement allowing Five Keys Schools and Programs to use city-owned property at 42 Otis Street for permanent supportive housing for formerly homeless and low-income households, with a nominal rent of $1 for an initial five-year term and up to 10 automatic five-year extensions. It also confirms that the property is considered "exempt surplus land" and aligns with city planning and environmental regulations.