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Committee advances bond resolutions and a $14.5M loan to expand affordable housing projects
Summary
The committee approved positive recommendations to the full Board for TEFRA bond compliance and related loan documents to finance three MOHCD projects (Treasure Island C3, Knox SRO, SFHA scattered sites) and for a $14.5M MOHCD loan to finance acquisition/predevelopment of a 98-unit senior project at 4200 Geary Boulevard.
The committee reviewed several MOHCD items to facilitate affordable and rehabilitated housing projects.
MOHCD bond program manager Joyce Lehi outlined three resolutions to permit tax-exempt conduit residential mortgage revenue bonds (subject to CDLAC allocation): Treasure Island Parcel C3 (138 units, mixed AMI targeting), Knox SRO…
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