San Francisco proposes EIFD for 1300 housing units on California Street

October 30, 2024 | San Francisco County, California


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San Francisco proposes EIFD for 1300 housing units on California Street
In a recent government meeting, San Francisco County officials discussed significant housing initiatives aimed at addressing the city's pressing housing shortage. Supervisor Stephanie highlighted the importance of a legislative package designed to expedite the construction of new homes, particularly in District 2. This initiative aims to welcome more residents, including seniors, into neighborhoods they cherish.

The meeting underscored the extensive community outreach that has garnered support from local resident groups, such as the Pacific Heights Resident Association and the Presidio Heights Association of Neighbors. Supervisor Stephanie acknowledged that this backing was not easily obtained, emphasizing the hard work put into addressing community feedback throughout the planning process.

Lee Lutensky from the Office of Economic and Workforce Development presented a proposed resolution to form an Enhanced Infrastructure Financing District (EIFD) for two project sites along California Street. This initiative is part of a broader strategy to accelerate the development of 1,300 housing units, which is crucial for the city’s economic recovery. The EIFD aims to fund necessary public infrastructure improvements, facilitating the construction of housing in previously vacant areas.

The proposed developments include the adaptive reuse of an existing office building into residential units and the construction of new buildings that will enhance the neighborhood's integration. The project is set to provide 744 housing units, alongside public access corridors, plazas, and dedicated affordable housing for seniors.

As San Francisco grapples with a housing crisis, these discussions reflect a concerted effort by city officials to create solutions that not only increase housing supply but also foster community engagement and support. The anticipated next steps involve further collaboration with stakeholders to ensure these projects move forward efficiently, ultimately aiming to provide much-needed homes for residents in the city.

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