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Committee forwards $18.6M loan agreement for Sunnydale Hope SF Block 6 to Board with BLA follow‑up requested
Summary
The committee voted to send a resolution to the full Board approving an amended MOHCD loan agreement of up to $18.6 million to finance 167 low‑income rental units at Sunnydale (Block 6), and asked for a follow‑up OCII report by Dec. 9 per the BLA recommendation.
The Budget & Finance Committee on Oct. 16 moved to forward a resolution authorizing the Mayor’s Office of Housing and Community Development to enter an amended and restated loan agreement with Block 6 Housing Partners for up to $18,600,000 to finance a 167‑unit multifamily rental development known as Sunnydale Hope SF Block 6.
Sarah Amar…
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