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.
Demolition permits have been filed for the existing single-story terminal building of Transbay Block 2 at 200 Folsom Street in SoMa, San Francisco. The permit was proceeded by new building permits from mid-November of last year for two future affordable housing developments with a total of 335 homes. The city’s planning department has yet to issue the permits to both developer, Mercy Housing, and the Chinatown Community Development Center.
New renderings have been published for the two affordable housing projects at 200 Folsom Street in the East Cut, San Francisco. Amended plans for Transbay Block 2 are scheduled for a public review by the city’s Planning Commission for next week on December 1st. As well, new building permits have now been filed for the 17-story Transbay Block 2 East, being developed by Mercy Housing. Transbay Block 2 West is being developed by the Chinatown Community Development Center.