The San Francisco City Council authorized the Treasure Island Development Authority (TIDA) to accept and expend a $3,000,000 low-interest loan from the Bay Area Housing Finance Authority (BAHFA). This funding, part of the Regional Early Action Planning Grant 2.0 (REAP 2.0) Priority Sites Pilot Program, is designated for the design, permitting, and construction of infrastructure improvements on Treasure Island. These improvements, including utilities, streets, sidewalks, furnishings, and fixtures, will serve the Parcel E1.2 Senior Housing project, which will provide 100 deed-restricted affordable senior housing units. The loan has a three-year term with potential extensions. Treasure Island Community Development LLC, the master developer, is responsible for repaying these Stage 2 City Costs, with interest accruing at 3% per annum. The decision enables the TIDA to enter into an Affordable Housing Loan Agreement and a Memorandum of Agreement with Treasure Island Community Development LLC to manage the funds.