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Pacific Point lease-up yields 59 households, including 12 COP holders, staff report

Successor Agency Commission to the San Francisco Redevelopment Agency (OCII) · May 2, 2017
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Summary

Staff reported Pacific Point (Hunters Point Shipyard Block 49) leased up 59 units from about 2,460 applicants, with 12 Certificate of Preference holders housed, significant District 10 representation, and lessons learned about paper processing and verification of rent-burden preferences.

OCII staff reported outcomes from marketing and lease-up for Pacific Point, a 59-unit building in Hunters Point Shipyard, and described outreach, preference use and demographic results. Maria Benjamin (Mayor’s Office of Housing and Community Development) told commissioners that 2,460 paper applications were processed during lease-up and that preference buckets included COP (certificate of preference), rent-burdened households, San Francisco residents and the general pool.

Benjamin said 12 COP holders signed leases, 33 rent-burden households signed leases, and 14 San Francisco residents signed leases, for a total lease-up that filled building units. She noted lessons learned: the leasing agent had to manually enter thousands of paper applications into a spreadsheet; staff learned to require proof of rent burden earlier in the process; and community partners like the Bayview multipurpose senior center and the Q Foundation helped resolve individual cases, such as a denied applicant who later qualified after credit-payment plans and subsidy assistance.

Benjamin provided demographic highlights for the building: she reported that among households who signed leases, 42% self-identified as African American, 20% as Asian American and about 15% as Hispanic/Latino; staff identified substantial applicant representation from District 10 and reported approximately 55 children residing in the building. Staff noted many households at 50% of area median income and that subsidy programs helped households under 30% AMI.

Commissioners asked for clarifications on counts and staff committed to follow up on a discrepancy about the number of children reported.