Mission Street Small Building Acquisition Loan

At a glance

• What: Resolution to buy an existing $20,258,781 loan from the San Francisco Housing Accelerator Fund and approve an amended and restated City loan of up to $22,157,500 (minimum 40 years) to MEDA Small Properties, LLC to preserve and rehabilitate a 39-unit mixed-use building on Mission Street as 100% affordable housing; up to $2,033,139 more would complete rehabilitation and fund reserves.
• Where it stands: Continued to the call of the chair by Budget and Finance October 21, 2026, 2-0.
• Next: Returns to committee whenever the chair calls it; no date set.

Details

• File No. 261107, received October 6; fiscal impact flagged. Sponsors: the Mayor and Fielder. The building has 35 residential units (one manager's unit) and four commercial units.
• Gregorius, Menard and Controller Wagner gave an overview and answered questions; Cruz spoke in support.
• Supervisor Dorsey moved to continue to the call of the chair; carried 2-0 (Chen excused).

Sources

• Budget and Finance Committee minutes (final), October 21, 2026: https://sfgov.legistar.com/View.ashx?M=M&ID=1454097&GUID=FD41D75E-FFC5-422E-AF9E-1782812785B8

Log

2026-10-21 - Budget and Finance Committee

Heard; CONTINUED TO CALL OF THE CHAIR, 2-0.

2026-10-28 - Budget and Finance Committee

Separate item 261107: purchase of a MEDA Small Properties loan for 2059-2065 Mission St, not to exceed $22,157,500 (loan $20,258,781 purchase price); recommended 3-0.

2026-11-03 - Board of Supervisors

MEDA Small Properties loan purchase (file 261107) adopted, 11-0.