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Redevelopment agency DDA for 4800 Third Street approved for 18 affordable for‑sale units at 80% AMI
Summary
The Board approved the Redevelopment Agency’s disposition and development agreement enabling construction of 18 for‑sale affordable units (80% area median income) and ground‑floor commercial space at 4800 Third Street in Bayview.
The Board approved a disposition and development agreement (DDA) from the Redevelopment Agency enabling construction of an 18‑unit affordable homeownership project at 4800 Third Street in the Bayview neighborhood. The project includes 2,200 square feet of ground‑floor commercial space and units targeted at households at 80% of the area median income.
Redevelopment staff and Supervisor Maxwell said the project is central to broader neighborhood revitalization goals for the town‑center area. Agency staff said construction is expected to begin July 1, with sales anticipated in the coming months. The board voted in favor of the resolution approving the DDA; roll‑call recorded 10 ayes with one supervisor absent.
Supporters said the development aligns with long‑standing redevelopment goals for the southeastern waterfront and the Bayview town center and will add permanently affordable homeownership stock in an area targeted for revitalization. The approval authorizes the agency to execute the DDA and proceed to project start.
