https://sanmateocounty.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4748550&GUID=8FE14E86-90CC-40F9-A189-E554965D0961&G=1088EC25-A43A-408F-A57C-73C0A70269ABLegistar15https://sanmateocounty.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4748550&GUID=8FE14E86-90CC-40F9-A189-E554965D0961&G=1088EC25-A43A-408F-A57C-73C0A70269AB8FE14E86-90CC-40F9-A189-E554965D0961-2023-04-28-15-35-06Title: Adopt a resolution authorizing the Director of the Department of Housing or the Director’s designee to execute amended loan documents for an existing loan in the amount of $4,000,000 made to Saint Francis Center of Redwood City for the acquisition of a 48-unit apartment building located at 180 Buckingham Avenue in North Fair Oaks (known as Casa de Sobrato), which would extend the term of the Affordability Covenant from 30 to 99 years and increase the number of units subject to the affordability covenant from 16 to 23 residential rental units in exchange for loan forgiveness upon the expiration of the Affordability Covenant.Fri, 28 Apr 2023 15:35:06 GMT