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Board approves option agreements for MidPen educator housing at Francis Scott Key site
Board of Education of the San Francisco Unified School District · November 10, 2020
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Summary
The board approved two option-to-lease agreements with MidPen to enable development financing for educator housing at the Francis Scott Key annex: one parcel for about 100 units targeted up to 120% area median income, and a second parcel containing 35 lower-income units financed in part by tax credits.
The Board of Education approved two option-to-ground-lease agreements on Nov. 10 that allow MidPen Housing to pursue financing and to develop educator housing on the Francis Scott Key annex site.
Project overview
Staff said the site will be subdivided. One parcel is…
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