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The agreement is supported by recitals involving an MOU with MOHCD for affordable educator housing, authorizations under California Health & Safety and Education Codes, and a December 31, 2022 option exercise. The lease contemplates approximately 35 units for low-income educators, tax-credit restricted occupancy priorities, and MOHCD monitoring and enforcement via an operations memorandum.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/ground-lease-low-income-shirley-chisholm-village/356186/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/ground-lease-low-income-shirley-chisholm-village/356186.png","ImageObject",442,249,{"name":88,"@type":89},"Patrick","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-06","2026-09-23",true,{"@type":98,"interactionType":99,"userInteractionCount":47},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"Who are the parties to the Ground Lease (Low Income)?","Question",{"text":108,"@type":109},"The landlord is the San Francisco Unified School District, and the tenant is MP Francis Scott Key 2 Associates, L.P.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What property and project does the lease cover?",{"text":113,"@type":109},"The lease covers the Site at 1360 43rd Avenue, and the project is Shirley Chisholm Village with approximately 35 low-income units for educators and district employees.",{"name":115,"@type":106,"acceptedAnswer":116},"How does MOHCD involvement affect tenant obligations?",{"text":117,"@type":109},"MOHCD is delegated monitoring and enforcement responsibilities through an operations memorandum, including compliance with affordable housing requirements and procedures for lease-up priorities and renewals while tax credit restrictions apply.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},356186,1791170047,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":141},549758146520,"https://ap-avatar.wpscdn.com/avatar/80002397d8c0411e94?_k=1775819394049821470","1  \nGROUND LEASE  \n(Low Income)  \nThis Ground Lease is dated for convenience, June 14, 2022, by and between the SAN FRANCISCO UNIFIED SCHOOL DISTRICT, a California public school district (the “District”or “Landlord”), and MP FRANCIS SCOTT KEY 2 ASSOCIATES, L.P. , a California limited partnership, as tenant (the “Tenant”) .  \nRECITALS  \nA. The District is the fee owner of the subdivided portion of that certain real property and the improvements (if any) thereon, located at 1360 43rd Avenue, Block 1797, Lot 007, San Francisco, California, and more particularly described in Attachment 1 attached hereto (the“Site”) .  \nB. The District has entered into a Memorandum of Understanding (“MOU”) dated September 12, 2017, with the City & County of San Francisco, acting by and through the Mayor’s Office of Housing and Community Development (“MOHCD”), to develop affordable housing restricted for the District’s educators through the use of tax credits, public and private partnerships, and other innovative financing. In the MOU, the District delegated various development tasks and obligations to MOHCD based on its expertise and experience in planning and development related to affordable housing.  \nC. Under California Health & Safety Code Section 53570 et seq., the District is authorized to establish and implement programs that address the housing needs of teachers and school district employees who face challenges in securing affordable housing, by, inter alia, leveraging federal, state, and local public, private, and nonprofit programs and fiscal resources available to housing developers, and promoting public and private partnerships. Health & Safety Code Section 53574 permits the District to restrict occupancy of affordable rental housing on land owned by the District to teachers and school district employees of the District so long as such housing does not violate any other applicable laws. Under California Education Code Section 17391, the District may lease excess real property to be used for teacher or school district employee housing without forming a property advisory committee to consider the disposition of such excess real property.  \nD. MOHCD and the District, jointly selected Tenant (or an affiliate) to develop the Site, and the remaining portion of what was previously known as the Francis Scott Key Annex located at 1360 43rd Avenue Block 1797 Lot 007, San Francisco California (“Adjacent Site”) under a Request for Proposals issued on October 3, 2017. As the selected developer, the Tenant (or affiliates) has the exclusive rights to negotiate with the District and MOHCD regarding development of the Site (and the Adjacent Site) .  \nE. On or about February 24, 2022, the District and the Tenant entered into that certain Second Amended and Restated Option to Lease Agreement pursuant to which District granted Tenant an option to ground lease the Site (the “Option”) that expires on December 31, 2022, with an extension option for one additional six-month period.  \nF. The Tenant is now exercising its Option to enter into this Ground Lease, pursuant to which District will lease the Site to Tenant to develop the Project. It is the Tenant’s intent to develop the Site with approximately 35 units (consisting of studio, 1-BR, 2-BR, and 3-BR units) for low-income Educators and District Employees, to be known as Shirley Chisholm Village (the“Project”). In order to develop the Project, Tenant desires to enter into a ground lease with the District in which the District will lease to Tenant the Site subject to certain conditions as provided herein.  \nG. Under a Loan Agreement dated   , 2022, the City, acting through MOHCD, has agreed to provide Tenant a loan in the amount of $  for the purpose of developing and constructing the Project (“MOHCD Loan”). Concurrently with this Ground Lease, the District and MOHCD are entering into an Operations Memorandum of Understanding substantially in form attached hereto as Attachment 4 (“MOHCD MOU”) that, among oth","cbCaieO8SuOqOQ5U","https://ap.wps.com/l/cbCaieO8SuOqOQ5U","pdf",3037300,182,"English","# GROUND LEASE (Low Income)\n## Recitals\n## ARTICLE 1 Definitions","[{\"question\":\"Who are the parties to the Ground Lease (Low Income)?\",\"answer\":\"The landlord is the San Francisco Unified School District, and the tenant is MP Francis Scott Key 2 Associates, L.P.\"},{\"question\":\"What property and project does the lease cover?\",\"answer\":\"The lease covers the Site at 1360 43rd Avenue, and the project is Shirley Chisholm Village with approximately 35 low-income units for educators and district employees.\"},{\"question\":\"How does MOHCD involvement affect tenant obligations?\",\"answer\":\"MOHCD is delegated monitoring and enforcement responsibilities through an operations memorandum, including compliance with affordable housing requirements and procedures for lease-up priorities and renewals while tax credit restrictions apply.\"}]","GROUND LEASE - Low Income - Shirley Chisholm Village | PDF",1790123900,64]