Resolution approving an agreement with Bayside Village Associates, L.P., to preserve 70 affordable housing units at Bayside Village Apartments (3 Bayside Village Place) in an amount not to exceed $21,680,000 and authorizing the Director of the Mayor’s Office of Housing and Community Development to execute the agreement on behalf of the City and County of San Francisco to prevent the displacement of 172 existing low and moderate-income households residing at the Bayside Village Apartments and creating permanent affordability restrictions for 70 of these units to remain affordable to households earning up to 120% of average median income.

What this record is

Held by

Bayside Village Associates

Amount

$21.7M

Runs until

no end date published in this record

Type

contract

Read automatically from the title of the official record. The source document below is authoritative.

Committee

Clerk of the Board

Introduced

December 6, 2016

Passed

February 3, 2017

Enacted

February 3, 2017

Enactment no.

018-17