Nature of Contract
Series 2012B – Not to exceed $25,370,000 of qualified mortgage revenue indebtedness – Citybank, N.A. as a 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 consturction of a 90 unit multifamily rental housing project known as 121 Golden Gate Avenue Senior Community in the City and County of San Francisco.
Date Contract Approved
July 24, 2012
Multifamily housing revenue note in principal amount not to exceed $25,370,000 – City and County of San Francisco Multifamily Housing Revenue Note 2012 B.