Citywide Affordable Housing Loan Committee Meetings

Grantee and MOHCD are seeking to amend the LOSP Operating Grant for Edward II to increase total authorized funding from $8,380,458 to $10,905,416, adding an additional $2,524,959. This increase in total funding is needed to allow the Grant to support the project through the end of the original term (December 31,2029).

HomeRise, on behalf of CHP Scott Street L.P.,a California limited partnership

1035Vets, LLC, a California limited liability corporation, an affiliate of the Sponsor, Swords to Plowshares: Veterans Rights Organization, requests up to $14,415,294, in Local Operating Subsidy Program (“LOSP”) funds, to subsidize the operation of 58 permanent supportive housing units for veterans experiencing homelessness or at risk of homelessness, out of a total of 124 units that serve extremely low- and low-income veteran households, for a period of 15 years and 1 month.

1035Vets, LLC, a California limited liability corporation, an affiliate of the Sponsor, Swords to Plowshares: Veterans Rights Organization

MidPen Housing Corporation requests a $2,000,000 Master Planning Loan to support its initial work as replacement Master Developer for the Potrero HOPE SF redevelopment. The proposed loan will fund community engagement, master planning, technical due diligence, legal review, and related activities through June 2027 in order to advance future phases of Potrero HOPE SF. Following a Request for Qualifications (RFQ), BRIDGE Housing Corporation, the prior Master Developer, and MOHCD selected MidPen as replacement Master Developer on April 15, 2026. On October 29, 2026, the SFHA Commission approved an Assignment and Assumption Agreement transferring BRIDGE's remaining master development obligations to MidPen, subject to HUD approval.

Midpen Housing Corporation

The Multifamily Securities Program, which governs MOHCD's policies around bond issuance, was originally approved by the San Francisco Citywide Affordable Housing Loan Committee in 2018 and was last revised in 2022. MOHCD Staff is recommending the Committee approve the proposed revisions to the Manual which seek to make program updates to improve bond issuance processes and meet requirements from the California Debt Limit Allocation Committee (CDLAC).

Mayor’s Office of Housing and Community Development