City Officer: Lee, Edwin – Mayor – Filed: December 11, 2013 – Contractor: Tenderloin Neighborhood Development Corporation, a California nonprofit public benefit corporation

 

Nature of Contract

The property located at 201-229 Eddy (Franciscan Towers) suffered extensive fire damage in April 2011 and is now undergoing a major rehab to bring it back to habitable condition. As part of the rehab, MOHCD has agreed to amend and restate prior loans that were secure against the poperty. The property will remain affordable housing.

Date Contract Approved

December 10, 2013

Amount

$3,400,000 amended and restated loan agreement.

Form

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