Up to 3,667 Deeply Affordable Homes Coming to San Francisco
Friends and neighbors,
I’m thrilled to announce that in response to our resolution, the Mayor and Housing Authority have committed to using the federal Faircloth-to-RAD program to create 3,667 deeply affordable homes! This is a huge victory for public housing residents, tenant organizers, and affordable housing advocates who partnered with our office to demand that San Francisco utilize these available federal funds. This is an exciting opportunity to create new affordable housing across the City!
According to the Mayor’s office, the first cohort of new construction projects to tap this program will include:
1234 Great Highway – 216 units in the Outer Sunset for low-income seniors, with 50% of units for seniors experiencing homelessness
249 Pennsylvania Street – 120 units in Potrero Hill for individuals and families with 60 units for homeless households
650 Divisadero – 95 units for families and individuals, including 24 units for homeless households
250 Laguna Honda – 115 units for families in Forest Hill with 29 units for homeless households
1979 Mission PSH – 150 units in the Mission with 149 units for homeless individuals
The cohort will also include a rehabilitation project:
Larkin Pine Senior Housing – 63 units for low-income seniors in Nob Hill
The announcement commits the Housing Authority to submitting requests to HUD to reserve funding for all 3,667 units before the September 30, 2024 deadline, a key demand of our office and tenants that until recently had not been met. Today’s announcement from the Administration, released just hours before our oversight hearing, is a huge step forward toward providing housing for extremely low-income San Franciscans.
Read more:
SF could get federal funding for 4,000 affordable housing units—maybe | 48 Hills, April 18, 2024
Obscure federal program could help S.F. subsidize thousands of affordable homes | San Francisco Chronicle, July 18, 2024
In community,
Dean Preston, District 5 Supervisor
