negotiation agreement and predevelopment loan in an amount not to exceed $4 million for shipyard 5254 l.p., california limited partnership for the development of approximately 100 affordable family rental housing units, hunters point shipyard, 52 and 54, and adopting environment review findings pursuant to the california environment quality act, hunters point shipyard redevelopment project and 33-2018, pursuant to the california redevelopment act. discussion and action, resolution 33-2018. madam director? >> mar >> director sesay: thank you. this is before you today, for the approval of the loan. you have taken previous actions on this the first time that it came before you was an informational item and early this year, it came back before you as we selected a development team and they're here today and will be part of the conversation. this would be the first project. this is to have scale. we're proposing to do the two blocks together resulting in 100 units, all affordable housing. so this would allow the development to continue and it's for development work, understanding, as you know,