Salesforce Tower in the city skyline, image by Andrew Campbell Nelson

$117 Million Allotted In State Funding For Affordable Housing In San Francisco

Earlier this week, Mayor London N. Breed announced that San Francisco has been awarded more than $117 million in funding from the California Department of Housing and Community (HCD) for developing three affordable housing projects in the city. The support was provided by the California Housing Accelerator Fund, which was seeded with a $1.75 billion investment from the federal American Rescue Plan Act.

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730 Stanyan Street northeast corner, rendering by OMA

New Building Permits Approved, Updated Design for 730 Stanyan Street in San Francisco

New building permits have been approved by the Planning Department for the construction of an eight-story affordable infill at 730 Stanyan Street in Haight-Ashbury, San Francisco. The project is expected to cost just over a million dollars per unit, costing nearly $166 million. Along with the approval, the Board of Supervisors has passed a resolution supporting potential state funding for the project, and new design plans have been revealed from OMA.

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