Trending...
- House of Buneau Releases "Pretty Boy Heaven," A Cinematic Exploration of Beauty and Distance
- California and European Commission discuss cooperation to accelerate the global transition to a carbon-neutral, resilient, and equitable future
- KeysCaribbean Offers 'Skip-the-Crowds' Savings With 15 Percent Off April Stays
San Francisco, CA — Mayor London N. Breed and community leaders today announced the City is in contract to purchase a large parcel of land at 1515 South Van Ness Avenue to build new affordable housing. The project will provide 100 percent permanently affordable housing, and will likely serve families earning between 30 and 80 percent of Area Median Income. Once complete, the project will be the eighth new construction of affordable housing in the Mission District since 2015.
"Projects like 1515 South Van Ness are exactly what I envisioned last year when we pushed for the City's windfall revenue to be spent on building and preserving affordable housing," said Mayor Breed. "We need more affordable housing in the Mission and throughout San Francisco so that our low- and middle-income residents can continue to live here. The $600 million Affordable Housing Bond that we introduced last month will continue our progress and I look forward to working with our diverse coalition of supporters to make sure that it passes."
The City will purchase the parcel with funds appropriated mid-year by the Board and Mayor from the excess Fiscal Year (FY) 2017-18 and FY 2018-19 Educational Revenue Augmentation Fund (ERAF) as well as monies from the Metropolitan Transportation Commission's JumpStart fund. When San Francisco learned it would receive a windfall of money from the State due to excess ERAF in the current year, Mayor Breed committed to using a significant portion of the funds to invest in the City's affordable housing programs.
More on The Californer
"We're thrilled to be adding 1515 South Van Ness to the 900 affordable housing units already in progress in the Mission neighborhood. These kinds of investments make an incredible difference in communities and in the lives of the families who will live there," said Kate Hartley, Director of the Mayor's Office of Housing and Community Development. "We want to thank the Mayor for her ongoing support of affordable housing. We also want to thank MTC for its JumpStart investment of $5 million, which was a great help in making this acquisition happen."
"We are super excited that Mayor Breed, after taking a lowrider tour in the Mission Community – which is Ground Zero for gentrification, with over 10,000 people being evicted – immediately took action to address the housing crisis by taking steps to purchase 1515 South Van Ness," said Roberto Y. Hernandez, Founder of Our Mission No Eviction. "Today we celebrate a major victory thanks to Mayor Breed who not only listened, but is taking action to build 100% affordable housing in our community. Sí se puede!"
Last month, Mayor Breed and Board of Supervisors President Norman Yee introduced a $600 million Affordable Housing Bond to provide additional funding to build more housing in San Francisco. The Affordable Housing Bond will go to voters for approval on the November ballot. If approved, the general obligation bond will provide funding for the City to begin construction on more projects like 1515 South Van Ness to provide additional housing for low-income residents.
More on The Californer
The parcel is currently vacant and will be transformed into a mixed-use development with expansive ground-floor activation opportunities. From 2017 to 2018, the site served as a temporary 120-bed Navigation Center, which closed when the Division Circle Navigation Center opened last summer
Following approval of the purchase by the Board of Supervisors this summer and identification of construction funding, the City will select a developer through a Request for Qualifications process to develop the site. Once complete, 1515 South Van Ness will bring the number of new and preserved affordable homes in the neighborhood to over 1,000 units.
"Projects like 1515 South Van Ness are exactly what I envisioned last year when we pushed for the City's windfall revenue to be spent on building and preserving affordable housing," said Mayor Breed. "We need more affordable housing in the Mission and throughout San Francisco so that our low- and middle-income residents can continue to live here. The $600 million Affordable Housing Bond that we introduced last month will continue our progress and I look forward to working with our diverse coalition of supporters to make sure that it passes."
The City will purchase the parcel with funds appropriated mid-year by the Board and Mayor from the excess Fiscal Year (FY) 2017-18 and FY 2018-19 Educational Revenue Augmentation Fund (ERAF) as well as monies from the Metropolitan Transportation Commission's JumpStart fund. When San Francisco learned it would receive a windfall of money from the State due to excess ERAF in the current year, Mayor Breed committed to using a significant portion of the funds to invest in the City's affordable housing programs.
More on The Californer
- CCHR: Psychiatric Drugs Fuel Rising Death Toll: National Adverse Drug Event Awareness Day Confronts America's Medication Crisis
- Explosive $10 Billion Counter-Drone Market with AI-Powered Defense Ecosystem: ZenaTech, Inc. (N A S D A Q: ZENA)
- High-Value Execution Phase Begins: Bitcoin Bancorp Ignites Texas Rollout of Digital Asset ATM Network: Bitcoin Bancorp (Stock Symbol: BCBC) $BCBC
- Water Heater Repair Los Angeles for Homes & Businesses
- Gas Leak Repair Los Angeles: Protect Your Home with Expert Plumbing Services
"We're thrilled to be adding 1515 South Van Ness to the 900 affordable housing units already in progress in the Mission neighborhood. These kinds of investments make an incredible difference in communities and in the lives of the families who will live there," said Kate Hartley, Director of the Mayor's Office of Housing and Community Development. "We want to thank the Mayor for her ongoing support of affordable housing. We also want to thank MTC for its JumpStart investment of $5 million, which was a great help in making this acquisition happen."
"We are super excited that Mayor Breed, after taking a lowrider tour in the Mission Community – which is Ground Zero for gentrification, with over 10,000 people being evicted – immediately took action to address the housing crisis by taking steps to purchase 1515 South Van Ness," said Roberto Y. Hernandez, Founder of Our Mission No Eviction. "Today we celebrate a major victory thanks to Mayor Breed who not only listened, but is taking action to build 100% affordable housing in our community. Sí se puede!"
Last month, Mayor Breed and Board of Supervisors President Norman Yee introduced a $600 million Affordable Housing Bond to provide additional funding to build more housing in San Francisco. The Affordable Housing Bond will go to voters for approval on the November ballot. If approved, the general obligation bond will provide funding for the City to begin construction on more projects like 1515 South Van Ness to provide additional housing for low-income residents.
More on The Californer
- MOVE Marketing Launches AI Hotel Visibility System to Help Hotels Get Recommended by AI
- The Team of Atlas Elite Entertainment honors Rodney F Crews
- Sellvia Market Identifies Key Risks New Online Business Owners Face in 2026
- Licensed California real estate brokerage. We rebate the buyer-agent's commission back to the Buyer
- UK Financial Ltd Tokenized LTNS 1, A $1.1 T Asset-Backed ERC-3643 Security Token with 11 On-Chain Contracts Verifying, Compliant Real-World Value
The parcel is currently vacant and will be transformed into a mixed-use development with expansive ground-floor activation opportunities. From 2017 to 2018, the site served as a temporary 120-bed Navigation Center, which closed when the Division Circle Navigation Center opened last summer
Following approval of the purchase by the Board of Supervisors this summer and identification of construction funding, the City will select a developer through a Request for Qualifications process to develop the site. Once complete, 1515 South Van Ness will bring the number of new and preserved affordable homes in the neighborhood to over 1,000 units.
0 Comments
Latest on The Californer
- California: Governor Newsom strengthens bans on insider betting by state officials, takes aim at corruption fueled by Trump
- GDE Tree Services Expands Operations into Sydney, NSW
- Tuckwell Machinery Expands CNC Range to Support Australian Cabinet Makers
- "Dave Simmons of StrataX Development: Why AB1033 and SB9 Are About to Rewrite California Real Estate"
- The Inner Power of Emotional Self-Leadership
- Dr. Nadene Rose Shares the Secret to True Success: Faith, Obedience, and Divine Purpose
- California: Governor Newsom signs legislation 3.26.26
- VBO Expands Event Manager 3.0 with Real-Time Sales Visibility, New Dashboards, and Operational Tools
- eBook Publishing Services in USA California Book Publishers Helps Authors Turn Ideas into Successful
- City of Long Beach to Host Recycle Your Bicycle Event on May 2
- Public Employees Are Asking: Are Our Pensions Secure?
- Understanding Unexpected Death: Why Independent Autopsies Matter in Cases Without Clear Cause
- Epic Pictures Group Sets North American Release Date for the Thriller NO ORDINARY HEIST
- Drywall Repair Near Me Services Expand In Huntington Beach Orange County
- Mobile App Developers in California California Web Coders Builds High-Performance Apps for Modern Bu
- California Lutheran University Taps Pandemic Response Leader as Chief Strategy & Growth Officer
- For April Fools' Day: A poem about The Secret to Happiness! The secret is "Don't Say Nuthin'"
- Long Beach: Meredith Reynolds Appointed as Acting Director of Technology and Innovation Department
- California: Governor Newsom announces CHP crackdown: 12,600 arrests, 6,400 stolen cars recovered, 25 million deadly fentanyl doses seized in two years
- Award-Winning REALTOR® Paige Coker Joins Corcoran DeRonja Real Estate