This resolution approves a grant agreement for up to $4,445,777 to support a 35-unit affordable housing project for extremely low-income households, starting in July 2026 and lasting until December 2042. It also gives city officials the authority to take necessary actions to implement the agreement.
Resolution retroactively approving and authorizing the Mayor and the Director of the Mayor’s Office of Housing and Community Development (“MOHCD”) to execute a grant agreement with 3300 Mission Partners, LP in an amount not to exceed $4,445,777 for a term of 15 years and six months commencing on July 1, 2026, through December 31, 2042, to provide project-based rental subsidies for a 35-unit 100% affordable housing project housing extremely low-income households as part of the Affordable Housing Opportunity Fund and Program; approving the form of and authorizing the execution of the grant agreement; and granting general authority to City officials to take actions necessary to implement this Resolution, as defined herein.
How it got here
This legislation originated from the need to provide project-based rental subsidies for a 100% affordable housing project at 3300 Mission Street, following the approval of Proposition G by San Francisco voters.
Voters approved Proposition G, establishing the Affordable Housing Opportunity Fund (AHOF) to provide rental subsidies for extremely low-income households.
MOHCD issued a Request for Proposals for the AHOF, inviting applications for rental subsidies to support extremely low-income households.
The committee recommended approval of a grant to 3300 Mission Partners, LP for project-based rental subsidies, amounting to $4,445,777.
The Board received and assigned the resolution to approve the grant agreement for the 3300 Mission project, which is currently pending committee action.
Reconstructed from attached documents & the official record
