A new affordable housing project has been proposed for the development at 2530 18th Street in Mission District, San Francisco. The project proposal includes the development of a new affordable housing development offering 73 units.
The project site is currently owned by 2530 18th, LLC, an affiliate of Homeless Prenatal Program (HPP). HPP is working with the developer Mercy Housing. Mithun is the project architect.
The scope of work features a new home for the Homeless Prenatal Program resource agency and 73 new affordable homes. The project will bring an eight story mixed-use social services and multi-family residential building with approximately seventy-three (73) affordable apartments, including thirty-five (35) one-bedroom units, thirty-two (32) two-bedroom units, and six (6) three-bedroom units.
Each apartment includes a full kitchen and bathroom. The building will also include resident support and management areas, offices, and a community room to be occupied by the Homeless Prenatal Program (HPP).
As previously covered, the 85-foot tall structure will yield 88,170 square feet, with 51,000 square feet for residential use, nearly 20,000 square feet of amenities and shared space, and 12,800 square feet for the HPP facilities. An additional 2,100 square feet will be offered from residential courtyards and an HPP garden. Of the 73 dwelling units, there will be 35 one-bedroom units, 32 two-bedroom units, and six three-bedroom units.
The project received a $16 million preliminary gap commitment from MOHCD, a loan of $4,946,900 to Mercy Housing California, and a loan in the amount of $4,900,000 to 2530 18th, LLC to repay an acquisition loan from First Republic Bank (FRB). The total City financing of the project is $11,846,900.
A project review meeting with the Citywide Affordable Housing Loan Committee has been scheduled. Construction is expected to begin in Spring 2024.
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