Citywide Affordable Housing Loan Committee Meeting

Mercy Housing California 109 L.P., requests a preliminary gap loan in the amount of $52,360,000 for 1939 Market Street, a proposed new construction affordable housing development for families featuring 187 units for LGBTQ+ seniors, of which 40 units are for households experiencing homelessness, and 9 units are set aside for HIV positive households through the PLUS housing program.

Mercy Housing California 109 L.P., is a California Limited Partnership, involving Mercy Housing and Openhouse, both California nonprofit benefit corporations.

Casa Adelante SVN Housing L.P., requests a preliminary gap loan in the amount of $46,360,000 for 1515 South Van Ness Avenue, a proposed new construction affordable housing development for families featuring 168 units, of which 42 units are for families experiencing homelessness, and 5 units set aside for HIV positive households through the PLUS housing program. 

Casa Adelante SVN Housing L.P., a California Limited Partnership, involving Mission Economic Development Agency and Chinatown Community Development Center, both California nonprofit benefit corporations.