“jobs 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,” stated Mayor Breed. “The $600 million Affordable Housing Bond we released last month will keep our progress and that I look forward to working together with all our diverse coalition of supporters to make sure that it passes.”
The construction at 1515 South Van Ness created headlines in 2016 later plans were shown to turn it into a market-rate condo complicated, compared with six tales and 157 units made by BDE Architecture.
“We are thrilled to be adding 1515 South Van Ness to the 900 affordable housing units already in progress from the Mission area,” said Kate Hartley, director of the Mayor’s Office of Housing and Community Development, in an emailed statement.
Mayor London Breed announced plans Tuesday to flip a circa-1948 warehouse, the house of a former electric contracting company, into a site for 100 percent affordable housing.
However, now the Mayor’s Office of Housing and Community Development will buy the parcel for about $18.5 million. Funding includes a $5 million home provision from Metropolitan Transportation Commission via its JumpStart investment, and capital appropriated from the sudden windfall in the Educational Revenue Augmentation Fund (ERAF).
The 100-percent affordable housing project will not break ground until at least 2021.
The Chronicle also notes that it will take about $45 million of town funding to get the project moving.
Additionally, because of a series of concession created by the developer of the job –as reported from the San Francisco Chronicle,”developer Lennar Multifamily was able to win political support by agreeing to create 25 percent of the units affordable, creating discounted distance for artists and makers and donating $1 million to a cultural district formed to preserve the neighborhood’s Latino heritage and community–the plan turned overly pricey.
The new project, located in the Mission District, will”probably serve households earning between 30 and 80% of area median income,” in accordance with the Mayor’s Office. (The Mayor’s Office of Housing calculates that the unadjusted area median earnings for one individual in SF is $82,900 each year.)
Protests, neighborhood ire, and worries about gentrification followed. After all, the parcel sits in the Latino Cultural District and in a locality synonymous with new technology money. The job, which was dubbed”the titanic mess On South Van Ness” by activists, ended up scraped by the Board of Supervisors on a 9-0 vote.
“We Want more affordable housing in the Mission and During San Francisco so that our low- and middle-income residents Will continue to live here,” says Mayor Breed