Citywide Affordable Housing Loan Committee Meeting

Casa Adelante SVN Housing L.P., requests an increase of a previously disbursed $4,000,000 predevelopment loan, for a total predevelopment loan amount of up to $7,180,991, in order to allow early demolition of an existing warehouse building, in advance of a proposed new construction affordable housing development for families featuring 168 units, of which 42 units are for families exiting homelessness, and 5 units are set aside for HIV-positive households through the PLUS housing program.

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

Chinatown Community Development Center (CCDC) is requesting a $50.2M preliminary gap commitment in the total amount up to $50,218,262 for the development of 175 new affordable senior housing units located at 772+758 Pacific Avenue. This request for preliminary gap financing commitment will allow CCDC to apply for HUD Section 202 Supportive Housing for Elderly Program (“HUD 202”) under a Notice of Funding Opportunity FY 2023, FR-6770-N-52 application, before returning for supplemental preliminary gap approvals for CDLAC/TCAC in early Spring 2026 and other funding applications.

Chinatown Community Development Center

1979 Mission Permanent Supportive Housing Building was approved by the Citywide Loan Committee on May 17th, 2024, for predevelopment funding. At that time, the Loan Evaluation noted that MOHCD would commit $30M of San Francisco’s allocation of No Place Like Home Funds (NPLH) funds from the Department of Housing and Community Development. Staff is proposes now to increase the NPLH contribution up to $32,186,325, the balance of San Francisco’s available NPLH funds. This is an informational update only. Per City Attorney, the Citywide Loan Committee does not need to approve the source of the MOHCD commitment, but a Memo to File is required.