File #: 24-0589    Version: 1 Name:
Type: Report Status: Committee Approval
File created: 4/16/2024 In control: Bay Area Housing Finance Authority
On agenda: 5/8/2024 Final action:
Title: Referral of BAHFA Resolution No. 0035 to the Bay Area Housing Finance Authority to authorize the Executive Director or designee to negotiate and enter into loan agreements and all ancillary documents necessary to implement such loans for the following Priority Site Pilots Projects, with the respective developer or single purpose entity formed by the developer in the amount shown below, for a total cumulative amount not to exceed $28 million from and subject to receipt of Regional Early Action Planning 2.0 (REAP) funding: Mandela Station, Mandela Station Affordable, LLC, $3,000,000; South San Francisco PUC Site, SSF PUC Housing Partners, LLC, $2,100,000; Lake Merritt BART, East Bay Asian Local Development Corporation, $3,000,000; North Berkeley BART, North Berkeley Housing, $3,000,000; Blossom Hill, Blossom Hill NC, L.P., $3,000,000; Midway Village, Midway Associates 2, L.P., $2,500,000; Treasure Island, Treasure Island Development Authority, $3,000,000; Capitol Station, MP Capitol Sta...
Attachments: 1. 07a 1 Summary Sheet Priority Sites Predevelopment Loan Recommendations v9.pdf, 2. 07a 2 Attachment A Presentation Priority Sites Predevelopment Loan Recommendations v4.pdf, 3. 07a 3 Attachment B Priority Sites Predevelopment Loan Proposals and Awards v2.pdf, 4. 07a 4 Attachment C List of Priority Sites Technical Assistance Proposals and Awards v2.pdf, 5. 07a 5 Attachment D Priority Sites Predevelopment Loan Scoring Criteria v2.pdf, 6. 07a 6 Attachment E Priority Sites Resolution v7.pdf
Related files: 24-0656

Subject:

Title

Referral of BAHFA Resolution No. 0035 to the Bay Area Housing Finance Authority to authorize the Executive Director or designee to negotiate and enter into loan agreements and all ancillary documents necessary to implement such loans for the following Priority Site Pilots Projects, with the respective developer or single purpose entity formed by the developer in the amount shown below, for a total cumulative amount not to exceed $28 million from and subject to receipt of Regional Early Action Planning 2.0 (REAP) funding:

 

Mandela Station, Mandela Station Affordable, LLC, $3,000,000; South San Francisco PUC Site, SSF PUC Housing Partners, LLC, $2,100,000; Lake Merritt BART, East Bay Asian Local Development Corporation, $3,000,000; North Berkeley BART, North Berkeley Housing, $3,000,000; Blossom Hill, Blossom Hill NC, L.P., $3,000,000; Midway Village, Midway Associates 2, L.P., $2,500,000; Treasure Island, Treasure Island Development Authority, $3,000,000; Capitol Station, MP Capitol Station Associates I, L.P., $3,000,000; El Cerrito Plaza, ECP Parcel A South Housing Partners, L.P and ECP Parcel C East Housing Partners, L.P., $2,400,000; Orbisonia Village, Pacific West Communities Inc.(or affiliated borrowing entity), $3,000,000.

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Presenter:

Presenter

Ruben Anguiano

 

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Recommended Action:

Action

BAHFA Board Approval

 

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Attachments: