Responding to Supervisor’s Resolution, Mayor and SF Housing Authority Announce Plans to Use Federal Financing to Build and Preserve Up to 3,667 Deeply Affordable Homes
After the Board of Supervisors unanimously passed Supervisor Preston’s resolution on April 12 calling for the Housing Authority (SFHA) to fully leverage the “Faircloth-to-RAD” program provided by the US Department of Housing and Urban Development (“HUD”), the Housing Authority has released its plan to build and rehab 3,667 Units of Deeply Affordable Housing in San Francisco. The announcement provides a pathway for new deeply affordable rental units with a permanent federal subsidy in San Francisco.
“It shouldn’t have taken so much advocacy to get here, but nevertheless, it’s a huge step forward. I am proud to have partnered with low-income tenants and the National Housing Law Project (NHLP) to make sure our City is tapping available federal funds to create thousands of deeply affordable homes for low-income San Franciscans,” said Supervisor Preston.
The San Francisco Housing Authority's announcement confirms that “the initial projects selected to go through the Faircloth-to-RAD will consist of approximately 750 units of new construction and rehabilitation projects listed below, identified from the MOHCD pipeline for seniors, families, and formerly homeless households. These projects are in the pre-development phase that allows for the integration of Faircloth-to-RAD into their financial plans. The announcement also confirms that the SFHA and MOHCD will submit NARRs for all 3,667 available Faircloth units.
San Francisco has a critical shortage of affordable rental housing, particularly for low-income households. According to the City’s recently passed housing element, San Francisco must create over 46,000 affordable units during the eight-year cycle 2023-2031, but it has no current plan to achieve that goal in part due to a lack of funding.
“I will continue to do everything possible to make sure our City is leveraging every opportunity to create affordable housing,” said Supervisor Preston, a longtime tenant rights attorney and affordable housing advocate.
According to the Mayor’s office, new construction projects in San Francisco’s Faircloth to Rad program:
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
Portfolio Rehabilitation:
Larkin Pine Senior Housing – 63 units for low-income seniors in Nob Hill
