Thanks to a $5,900,000 loan from the San Francisco Housing Accelerator Fund (HAF)–its first loan of 2022. This loan will also assist with the renovation of the property while preserving affordability for the existing families who reside there. As part of the City’s Small Sites Program, the Mayor’s Office of Housing and Community Development will provide the permanent financing for the project once renovations are complete.
Built in the early 1900s, the building offers a mix of studios and 1-bedroom apartments, as well as a garage with 10 parking spaces. The existing tenants are all families who have lived in the building for 7 years or more with household incomes across the project averaging at 48% of the Area Median Income. The proposed rehab scope includes extensive unit interior upgrades, common area improvements, and building systems upgrades.