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San Francisco approves $39M for two senior housing projects on Great Highway and De Visidero

November 29, 2023 | San Francisco County, California


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San Francisco approves $39M for two senior housing projects on Great Highway and De Visidero
In a pivotal meeting at San Francisco City Hall, city officials gathered to discuss significant resolutions aimed at addressing the pressing need for affordable housing in the city. The atmosphere buzzed with anticipation as the Mayor's Office of Housing and Community Development (MOHCD) presented two key projects that promise to reshape the landscape of affordable living for seniors and low-income families.

The resolutions, numbered 9 and 10, seek approval for loans totaling $39 million to facilitate the acquisition of properties designated for the development of 100% affordable multifamily rental buildings. The first project, located at 1234-1270 and 1280 Great Highway, is set to transform a 54-room motel into a vibrant residential complex featuring 216 units, primarily aimed at serving formerly homeless seniors. This initiative not only aligns with the city’s housing goals but also emphasizes the importance of creating homes in resource-rich neighborhoods.

Meanwhile, the second project at 650 De Visidero Street in the Alamo Square District will convert a commercial building into a nine-story residential structure with 95 units. This development is designed to cater to low-income families, with a significant portion of the units reserved for formerly homeless households. Both projects are part of a broader strategy to enhance housing equity and support BIPOC development teams, marking a significant step towards inclusivity in San Francisco's housing initiatives.

Sarah Emerl, the director of housing development for MOHCD, expressed enthusiasm about the projects, highlighting their potential to provide over 500 new housing units in the coming years. The funding, part of a larger $66.6 million Notice of Funding Availability (NOFA), aims to support diverse income households and ensure that the city meets its housing element goals.

As the meeting progressed, officials underscored the urgency of these developments, with construction projected to begin as early as late 2026. The commitment to affordable housing remains a top priority for San Francisco, as city leaders navigate the complexities of urban development while striving to create a more equitable future for all residents. With these resolutions, the city takes a significant step forward in addressing its housing crisis, fostering hope for those in need of stable and affordable homes.

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