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City staff seek land exchange at 240/234 Van Ness to enable up to ~110 affordable homes

San Francisco Board of Supervisors Budget and Finance Committee · February 24, 2021

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Summary

MOHCD and the Department of Real Estate briefed the committee on an equal land exchange of city property at 240 Van Ness for adjacent private property at 234 Van Ness to create an L‑shaped parcel to support a ~100–110 unit affordable housing project. Board approval is required before the state funding application is submitted in June.

MOHCD and the Department of Real Estate presented a resolution to exchange city property at 240 Van Ness for an adjacent privately owned parcel at 234 Van Ness to produce a more regular L‑shaped parcel suitable for affordable housing development. The exchange is structured as an even swap; the city's only…

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