Nature of Contract
To finance predevelopment and construction costs in connection with the construction of a building with 98 residential units for very low income seniors ages 62 and above, 20% of which will serve formerly homeless seniors referred by the City of San Francisco Department of Public Health, which will be known as Rosa Parks II. This is the Second Amended and Restated Loan Agreement which incorporates all City financing.
Date Contract Approved
July 30, 2014
The Second Amended and Restates Loan Agreement incorporates the addition of gap financing in the amount of $2,502,123.00 for a total loan of $14,134,123.00