Posted Courtesy of Wright Enterprises Community Spotlight San Francisco~Dallas
FOR IMMEDIATE RELEASE:
Friday, June 23, 2023
Contact: Mayor’s Office of Communications, mayorspressoff
These five properties across the city will provide stable high quality affordable housing for low-income seniors, families, and individuals exiting homelessness
San Francisco, CA — Today, San Francisco announced five new affordable housing projects which will deliver more than 550 new affordable homes for San Franciscans. Building more affordable housing in all neighborhoods of San Francisco is a key element of Mayor Breed’s Housing for All Plan and helps the city continue to meet its goal of building 82,000 new homes over the next eight years.
The five projects span several neighborhoods throughout San Francisco including Bernal Heights, Sunset, Potrero Hill, Alamo Square, and Forest Hill. They will also benefit from state and local laws aimed at streamlining the approval and construction of affordable
“Delivering affordable housing funding to projects across our entire city is a key part of our strategy to create more housing in San Francisco,” said Mayor London Breed. “We have a lot more work to do to remove barriers to getting housing built faster and advancing more affordable housing, but this is a great step and I want to thank the Mayor’s Office of Housing and Community Development for their work to advance projects like these.”
San Francisco's affordable housing pipeline is a key component of the city’s economic recovery. In this Fiscal Year alone San Francisco has started construction on more than 1,400 units of affordable housing which provides important economic and employment opportunities.
Earlier this year the Mayor’s Office of Housing and Community Development issued a Notice of Funding Availability (NOFA) to fund the acquisition and predevelopment of new affordable housing projects. The below development teams and sties were selected as a result of this competitive procurement.
The Mayor’s Office of Housing and Community Development will begin working with each team to conduct in-depth community outreach, support applications for future funding sources as they are made available, including State and federal low-income housing tax credits, funding programs through the California Department of Housing and Community Development (HCD), and local predevelopment loans. Pending the availability of new gap financing sources, selected projects may start construction as early as 2026, with residents moving in by the end of 2028.
"These investments advance MOHCD's commitment to grow the pipeline of affordable housing in San Francisco,” said MOHCD Director Eric Shaw. “The office will partner with the development teams, city agencies and community partners to advance development of these projects and deliver hundreds of new affordable homes for moderate-income, low-income, and extremely low-income households."
Selected Projects Include:
1234 Great Highway – Developed by Tenderloin Neighborhood Development Corporation and Self-Help for the Elderly (District 4)
650 Divisadero Street – Developed by Jonathan Rose Company, Young Community Developers. (District 5)
250 Laguna Honda Boulevard – Developed by Mission Housing Development Corporation (District 7)
3300 Mission Street – Developed by Bernal Heights Neighborhood Center, Tabernacle Community Development Corporation, Mitchellville Real Estate Group. (District 9)
249 Pennsylvania Avenue – Developed by Tenderloin Neighborhood Development Corporation, Young Community Developers (District 10)
“The westside needs more affordable housing, especially for seniors. I’m glad this project involves Self-Help for the Elderly, a well-respected nonprofit known for providing a high standard of service that every senior deserves,” said District 4 Supervisor Joel Engardio. “I am thankful that primary service provider TNDC has a long-term commitment to ensure the needs for every resident of 1234 Great Highway are met. Seniors need to know they are housed in a safe and caring environment.”
“For years, neighbors on the Divisadero corridor have demanded more affordable homes. This is a major step forward in meeting those demands and creating opportunities for working people and their families to have a place in this community,” said District 5 Supervisor Dean Preston. “I appreciate that the Mayor’s Office of Housing and Community Development has prioritized the acquisition of this site for affordable housing, and I look forward to partnering with MOHCD, the development team, and the community to develop affordable housing on this site as quickly as possible.”
"I hope this initial funding provides safe, stable housing where children and families can thrive instead of having to live in RVs or on the streets because that's their only option,” said District 7 Supervisor Myrna Melgar. “I look forward to more investments on the Westside that allow us to expand family-friendly neighborhoods that serve the needs of our community."
“I am thrilled that 3300 Mission Street is a 2023 NOFA recipient. This site has been a priority for affordable housing in District 9 since the horrible 2016 fire, and despite multiple setbacks with prior developers, I am so grateful to the Bernal Heights Housing Corporation and their development partners for getting this acquisition across the finish line,” said Supervisor Hilary Ronen. “These affordable housing units and the activation of the commercial ground floor will bring meaningful change to the Mission corridor and Bernal Heights community.”
“My office is excited to bring more housing to District 10,” said Supervisor Shamann Walton. “We look forward to the new site and the number of residents soon to be housed.”