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Committee approves financing package and loan documents to build 184 affordable units at Sunnydale
Summary
The committee amended one administrative reference and forwarded to the full board resolutions authorizing bonds and city loans to finance two new affordable housing buildings (Blocks 7 and 9) at the Sunnydale Hope SF redevelopment, totaling 184 units of replacement and lottery affordable homes.
The Budget and Finance Committee on April 9 approved and forwarded a set of financing resolutions that will allow construction to start on two new affordable housing buildings at the Sunnydale Hope SF redevelopment.
The package includes authorizations for tax‑exempt and taxable multifamily housing revenue notes and related loan agreements to finance Sunnydale Block 7 (89 units) and Block 9 (95 units). The…
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