Resolution authorizing the Mayor’s Office of Housing and Community Development (“MOHCD”) to execute the Standard Agreements with the California Department of Housing and Community Development (“HCD”) under the Affordable Housing and Sustainable Communities Program for a total award of $45,721,399, including $33,000,000 disbursed by HCD as a loan to the Balboa Gateway, L.P. (“Developer”) for a 100% affordable housing project at 11 Frida Kahlo Way and $12,721,399 to be disbursed as a grant to the City for public transportation improvements near 11 Frida Kahlo Way, for the period starting on the execution date of the Standard Agreements through November 30, 2043; authorizing MOHCD to accept and expend the grant of up to $12,721,399 for transportation, streetscape and pedestrian improvements and other transit oriented programming and improvement as approved by HCD.

The California Department of Housing and Community Development issued a Notice of Funding Availability for the Affordable Housing and Sustainable Communities Program, inviting applications for funding.

BART and BRIDGE Housing Corporation entered into an Implementation Agreement to commit to purchasing BART vehicles as part of the project.

The San Francisco Municipal Transportation Authority and the Mayor's Office of Housing and Community Development signed a Memorandum of Understanding to coordinate transportation improvements related to the project.

The Board of Supervisors authorized the Mayor's Office of Housing and Community Development to apply for AHSC Program funds as a joint applicant with BRIDGE Housing Corporation.

The California Department of Housing and Community Development issued a conditional award letter for $45,721,399 to support the Balboa Reservoir Building A project.

The Board of Supervisors passed a resolution authorizing the Mayor's Office of Housing and Community Development to execute standard agreements with HCD for the awarded funds.