The State of California has helped secure new funds for 1515 South Van Ness Avenue in San Francisco’s Mission District. The Department of Housing and Community Development has awarded $37.9 million towards a 168-unit affordable housing proposal for the vacated site. Chinatown Community Development Center and the Mission Economic Development Agency are jointly responsible for the project.
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.
Preliminary plans have been filed for an eight-story affordable housing project at 125 East 12th Street in Merritt, Oakland. The proposal would rise next to East Bay Asian Local Development Corporation’s approved plans for affordable housing at 121 East 12th Street. Satellite Affordable Housing Associates is leading the project and working with co-developer Eastlake United for Justice.
A new residential project has been proposed for development at 49 Hopkins Avenue in Twin Peaks, San Francisco. The project proposal includes the construction of a new two-unit residential structure. Plans call for the demolition of an existing single-family residence on the site.
Construction has topped out less than a year after the groundbreaking for the seven-story affordable senior housing complex at 4200 Geary Boulevard in San Francisco’s Richmond District. The project will add nearly a hundred homes to the busy neighborhood. The Tenderloin Neighborhood Development Corporation is the project developer.
