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Resolution#230813Passed
In plain English
The resolution declares two city properties as exempt surplus land and affirms their use for developing 100% affordable housing with some commercial space. It also establishes a long-term ground lease for the properties with specific financial terms and confirms the Planning Department's approval for the projects under state legislation.
Resolution 1) declaring the City’s real property located at 1939 Market Street (Assessor’s Parcel Block No. 3501, Lot No. 006) (“1939 Market Property”) and 1515 South Van Ness Avenue (“1515 SVN” Property, and together with the 1939 Market Property, collectively, the “Property”) as Exempt Surplus Land under California Government Code, Sections 25539.4 and 54221(f)(1)(A); 2) affirming use of the Property by the Mayor’s Office of Housing and Community Development (“MOHCD”) for the development as 100% affordable housing with ancillary commercial space; 3) affirming MOHCD’s intent to convey the Property under a long term ground lease with an annual base rent of $100 annual lease monitoring fee of $15,000 and restricting the Property for affordable housing and ancillary commercial space; and 4) affirming the Planning Department’s approval of the projects developed on the Property under Senate Bill (SB) No. 35 or Assembly Bill (AB) No. 2162.
How it got here
Related / predecessor legislation
↑ predecessor#190733— not yet in database
↑ predecessor#200042— not yet in database
↑ from
Resolution#241134Passed
This resolution approves a 75-year lease for city-owned property at 1515 South Van Ness Avenue to Casa Adelante SVN Housing, L.P. for the construction of a 168-unit affordable housing development, along with a loan of up to $45.2 million to finance the project. It also declares the property as "exempt surplus land" and confirms that the lease terms will benefit low-income households.
Introduced Nov 19, 2024Final action Dec 12, 2024Rafael Mandelman
Document trail
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PLN Ntc of Final Approval SB 35 Proj - 053123
PDF ↗SF Planning Department
BOS Reso No. 068-20 021120
PDF ↗Resolution
BOS Reso No. 320-19 071619
PDF ↗Resolution
PDF ↗
PDF ↗
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How they voted
ADOPTED
Board of Supervisors · Sep 19, 2023Pass
5-0
RECOMMENDED
Budget and Finance Committee · Sep 13, 2023Pass
2-0
Legislative journey
PresidentJul 11, 2023
→RECEIVED AND ASSIGNED
Budget and Finance CommitteeSep 13, 2023
✓RECOMMENDEDPass
Board of SupervisorsSep 19, 2023
✓ADOPTEDPass
MayorSep 28, 2023
✓APPROVED