2175 Market Street
April 30, 2021

In close coordination with Supervisor Safai, the Mayor’s Office of Housing and Community Development (“MOHCD”), and the SF Housing Accelerator Fund “(HAF”), the San Francisco Housing Development Corp. (“SFHDC”) worked with MEDA to acquire and renovate this property through the City’s Small Sites Program (“SSP”). SFHDC became the sole owner of the site at acquisition closing on March 31, 2021, and renovations began in July 2021, with substantial completion on October 31, 2021, following temporary, off-site relocation of all tenants.
Each apartment consists of a large living area, a living room and kitchen area, and spacious bedrooms. Renovations included new siding and railings, a new roof, remodeled bathrooms and kitchens, updated finishes, common area improvements, and interior and exterior painting. The majority of residents have been on-site long-term. Three of the units are occupied by low-income seniors, who have each lived in their units for 20-30 years. Existing rents are in the $1,100- 2,000 range. The property is now permanently affordable for low- and moderate-income households via the City’s SSP requirements.

Read Affordable Housing Ahead of Schedule and Under Budget to learn more about 168 Sickles.

168 Sickles

168 Sickles Ave.
San Francisco, CA 94112

Development Partner:

MEDA

Construction Lender:

HAF

Permanent Lender:

MOHCD

General Contractor:

Blackline Construction

Construction Manager:

Sara Lope

Property Manager:

2B Living

Details:

12 units

Built 1964

Four stories

6 one-bedroom units; 6 two- bedroom units 10 units currently occupied Located near transit, grocery stores, and 280 Freeway

One parking space per unit in tuck-under garage

10,641 sqft building, on a 4,455 sqft lot

Purchase Price:

$3,850,000

Rehab costs:

$845,000

Acquisition & Construction Loan:

$5.6M HAF Est. Permanent Financing: $6.2M MOHCD