Nature of Contract
Series 2012 – Not to exceed $25,370,000 of qualified mortgage revenue indebtedness – Citibank, N.A. as Funding Lender. The Multifamily Housing Revenue Note will provide a loan to Mercy Housing California 50, a California Limited Partnership, with Mercy Housing West, a California nonprofit public benefit corporation, as its general partner, for the construction of a 90 unit multifamily rental housing project knows as 121 Golden Gate Avenue Senior Community in the City and County of San Francisco.
Date Contract Approved
July 17, 2012
Multifamily housing revenue note in a principal amount not to exceed $25,370,000 – City and County of San Francisco Multifamily Housing Revenue Note 2012B