BAHFA Oversight Committee
3b.
BAHFA Resolution No. 0035. Regional Early Action Planning (REAP) 2.0
Grants - Priority Sites Predevelopment Loan Recommendations
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.
Action:
Authority Approval
Ruben Anguiano
Presenter:
Attachments: