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New Hotel-to-Homeless Housing Planned at 440 Geary Street, Nob Hill, San Francisco

440 Geary Street, via Google Street View440 Geary Street, via Google Street View

Permits have been filed by the Episcopal Community Services in partnership with the City to convert a seven-story hotel at 440 Geary Street into a permanent housing shelter. This follows permits in September to transform the hotel at 1000 Sutter Street, both of which are funded by the same SF Homekey program. This purchase cost $29.1 million following a recent declaration for more funding by Governor Gavin Newsom.

With 440 Geary Street, 130 hotel room units will be converted at the cost of $900,000. In a celebratory statement, Mayor London Breed stated, “By expanding access to housing and other support, we can create real opportunities for people to get off the streets and create a path for them to live a fuller, healthier life.” The two permits combined give the Episcopal Community Services access to 362 units to directly address the ongoing housing crisis.

The $29.1 million helped the city purchase the structure from its current occupant, the Diva Hotel. While the project will likely receive a fast-track to an approval given its support from the Mayor’s office, there is not yet a date for when the renovation will be complete.

The building last sold in 2015 for $43.3 million, with its current value assessed at $52 million for land and structure, or just $24.4 million for the existing structure alone.

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