FACILITIESPENDING

City to Acquire 758 Pacific for Affordable Senior Housing

MOHCD seeks approval to purchase 758 Pacific Avenue from New Asia Housing, L.P. for $2,178,786 and amend an existing loan agreement up to $13,666,153 to support predevelopment of a 175-unit affordable senior housing project. The legislation also authorizes a long-term residential ground lease with nominal base rent and an annual monitoring fee.

Status
PENDING
Document date
July 22, 2026
Contract type
FACILITIES
Vendor
New Asia Housing Lp
Agency
San Francisco County · CA

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,178,786 purchase price; Amended loan not to exceed $13,666,153; Residential Ground Lease ABR $100 plus $15,000 annual fee
Contract type
FACILITIES
Contract term
Residential Ground Lease: 75 years with one 24-year option to extend
Renewal
Residential Ground Lease will run 75 years with one 24-year extension option; third loan amendment sets total loan NTE at $13,666,153. Any modifications must align with the resolution’s parameters.
Document type
Agenda
Source document
City and County of San Francisco Budget and Finance Committee Meeting Agenda 2026-07-22

Related contracts

Other contracts from New Asia Housing Lp.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by San Francisco County?

New Asia Housing Lp was awarded this facilities contract by San Francisco County, as recorded on July 22, 2026. The contract value is $2,178,786 purchase price; Amended loan not to exceed $13,666,153; Residential Ground Lease ABR $100 plus $15,000 annual fee.

How much is the New Asia Housing Lp contract with San Francisco County worth?

The New Asia Housing Lp contract with San Francisco County is valued at $2,178,786 purchase price; Amended loan not to exceed $13,666,153; Residential Ground Lease ABR $100 plus $15,000 annual fee, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City and County of San Francisco Budget and Finance Committee Meeting Agenda 2026-07-22 (Agenda), dated July 22, 2026 from San Francisco County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New Asia Housing Lp hold?

New Asia Housing Lp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View New Asia Housing Lp's profile

What is San Francisco County currently buying?

Explore San Francisco County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View San Francisco County's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free