Citywide Affordable Housing Loan Committee Meeting

Friday, January 19, 2024

In this page:

    Agenda

    1. Request for permanent financing for 936 Geary

      On behalf of 936 Geary LP, the San Francisco Housing Development Corporation (SFHDC) and Novin Development Corporation (Novin/NDC) request up to $11,800,000 in permanent financing for 936 Geary, a 6-story, mixed-used building with 31 residential studios and 2 ground floor commercial spaces. The request comprises up to $4,400,000 in senior debt in the form of PASS funds (2016 GO Bonds series 2020C) and up to $7,400,000 in SSP residual receipts debt. The project, located in the Downtown/Civic Center area, was acquired in late 2021 and completed its rehabilitation using San Francisco Housing Accelerator Funds in November 2023. It is now requesting permanent financing from the City that will pay off the acquisition and rehabilitation loan.

       

      San Francisco Housing Development Corporation and Novin Development Corporation

    Date & Time

    Friday, January 19, 2024
    11:15 am to 1:00 pm

    Online

    Microsoft Teams
    Call in by phone 415-906-4659
    Phone Conference ID 839 784 931
    Last updated March 11, 2024