City plans long-term lease and loan for Balboa affordable housing
San Francisco CountyCounty · San Francisco, CA- Disclosed value
- $15,000 annual base rent; loan not to exceed $29,280,757
- From minutes
- Document date
- Mar 10, 2026
- Renews
- Free account
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THE 30-SECOND BRIEF
The Mayor’s Office of Housing has proposed a 75-year ground lease, with a 24-year extension option, of 105 Wisteria Lane to Balboa Lee Avenue, L.P. for construction of a 100% affordable 158-unit housing project. The deal includes $15,000 in annual base rent and an amended and restated City loan of up to $29.28 million.
Balboa Lee Avenue LP holds this facilities contract with San Francisco County.
The renewal date is on record. A free account shows it, with the renewals for every San Francisco County contract.
Contract details
- Contract type
- Facilities
- Amount
- $15,000 annual base rent; loan not to exceed $29,280,757
- Document date
- March 10, 2026
- Term
- Ground lease term of 75 years with one 24-year option to extend
- Renews
- Free account
- Vendor
- Balboa Lee Avenue LP
- Agency
- San Francisco County
- Source document
- Board of Supervisors Meeting Minutes March 10 2026 (Minutes)
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Questions about this contract
Who was awarded the facilities contract by San Francisco County?
Balboa Lee Avenue LP was awarded this facilities contract by San Francisco County, as recorded on March 10, 2026. The contract value is $15,000 annual base rent; loan not to exceed $29,280,757.
How much is the Balboa Lee Avenue LP contract with San Francisco County worth?
The Balboa Lee Avenue LP contract with San Francisco County is valued at $15,000 annual base rent; loan not to exceed $29,280,757, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Board of Supervisors Meeting Minutes March 10 2026 (Minutes), dated March 10, 2026 from San Francisco County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Balboa Lee Avenue LP hold?
Balboa Lee Avenue 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.
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Explore San Francisco County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.