The San Francisco Board of Supervisors is scheduled to vote later today to provide a $115.8 million construction loan for affordable housing at Transbay Block 2 East. The proposal is expected to rise 17 stories tall and bring 184 below-market-rate rental apartments to 200 Folsom Street in the heart of the densely-developed Transbay neighborhood. Mercy Housing is the project sponsor.
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Construction is starting today on 101 East 12th Street, an affordable housing infill near the southern end of Lake Merritt in Merritt, Oakland. Members of the project team and public officials will gather later this morning to witness the groundbreaking for the six-story complex, completing a winding narrative that stretches back over a decade.
Construction financing of $30 million has been secured to advance an affordable housing project at 820 West MacArthur Boulevard in the Longfellow neighborhood of Oakland, Alameda County. The project proposal includes the construction of a five-story building offering residential units at affordable rates. Riaz Capital and Alameda County Partner are the project developers. Levy Design Partners is the project architect.
Construction is moving quickly for the dense residential complex rising at 555 Bryant Street in SoMa, San Francisco. A recent site visit by YIMBY shows concrete has reached the 11th story, and crews have started facade installation. Strada Investment Group is the project developer, and Swinerton is the general contractor.
Increased permits have been filed for the Kingdom Builder Senior Housing proposal in Eastmont, Oakland. The new application has increased the potential scale from five to six floors with even more housing at 7954 MacArthur Boulevard. Community Housing Development Corporation is the project sponsor working with Kingdom Builders, a Christian church.
