San Francisco County officials have taken significant steps to address the pressing need for affordable housing in the city. During a recent government meeting, the Board of Supervisors approved resolutions that will facilitate the construction of a new 160-unit multifamily rental housing project at 730 Stanyan Street in the Haight-Ashbury neighborhood. This initiative is particularly noteworthy as it aims to provide 100% affordable housing for low-income households.

The project, which will replace a former McDonald's restaurant, is set to be financed through the issuance of tax-exempt bonds not exceeding $90 million. Additionally, the city will enter into a ground lease with the project sponsors, allowing for a loan agreement of up to $69.5 million. This funding is crucial for the development, which is expected to include units specifically reserved for transitional aged youth and families experiencing homelessness, along with supportive services and rent subsidies.

Community engagement has been a cornerstone of this project. The development process involved multiple community meetings, where stakeholders and neighbors provided input that led to revisions in the project design. Originally planned as a six-story building with 120 units, the project has evolved into an eight-story structure featuring 160 units, reflecting the community's needs and preferences.

The project is not only about providing housing; it also aims to enhance the neighborhood's amenities. Plans include a childcare center, a food hall incubator for local entrepreneurs, and a community center, all designed to serve both residents and the surrounding community.

With construction expected to begin shortly and completion projected for September 2025, this initiative represents a significant commitment by San Francisco County to tackle the affordable housing crisis. The project aligns with broader city goals to increase housing availability and support vulnerable populations, marking a positive step forward in addressing the urgent housing needs of the community.