. >> i am caroline mccormick, project manager assigned to the program.today i am requesting that you approve a resolution authorizing ocd to execute an amendment to an existing loan documents with the san francisco housing accelerator fund to increase the loan amount by $10 million for a total not to exceed $20 million and extending the term to 20 years. the housing accelerator fund is a financial institution that acts as the key par partner on the city program where they provide upfront construction financing on the commitment that they will come in 12 to 24 months later for the permanent financing through city subsidy and preservation and first mortgage product. to date bridge loans led to preservation of 14 buildings totaling 277 residential units, 19 commercial spaces, 15 dwelling units and accelerated acquisition of one vacant land site to be developed as 135 residential units. this additional $10 million will increase the lending capacity and facility in raising and dollars to execute on more dollars on more projects. this is a zero interest loan r