Commission Meeting - August 15, 2023
Regular Agenda
Agenda Item Nos. 5(b) through 5(e) related to Transbay Block 2 East will be presented together but acted on separately
Co-Memorandum
PowerPoint Presentation
5(a) Authorizing the commitment of permanent gap loan funds in an amount of approximately $61,961,845, with Transbay 2 Family, L.P., a California limited partnership, for the development of 184 affordable rental housing units (including two manager’s units) at Transbay Block 2 East; Transbay Redevelopment Project Area (Discussion and Action) (Resolution No. XX-2023)
5(b) Authorizing a First Amendment to the predevelopment Loan Agreement with Transbay 2 Family, L.P., a California limited partnership, to increase the loan amount by $4,500,000, for a total aggregate loan amount of $8,000,000 for the development of 184 affordable rental housing units (including two manager’s units), a childcare facility space, and retail space at Transbay Block 2 East; Transbay Redevelopment Project Area (Discussion and Action) (Resolution No. XX-2023)
5(c) Authorizing a Horizontal Ground Lease with Transbay 2 Family LLC, a California limited liability company, to facilitate and fund, in an amount not to exceed $2,333,653, site work on Transbay Block 2 to prepare for the construction of 335 affordable rental housing units on Transbay Block 2 East and Transbay Block 2 West; Transbay Redevelopment Project Area (Discussion and Action) (Resolution No. XX-2023)