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Committee backs New Asia Special Use District to build about 175 affordable senior units in Chinatown
Summary
The committee recommended creating a Special Use District at 758 and 772 Pacific Ave to enable a 15-story New Asia senior housing project (about 174–175 units) that would restore the New Asia Banquet Hall; MOHCD committed $4.1M in predevelopment and $3M to purchase adjacent property and the item was forwarded to the full Board.
The Land Use and Transportation Committee on Oct. 28 recommended the Board of Supervisors approve a Special Use District (SUD) to enable the New Asia senior housing project in Chinatown, a proposal that proponents say would deliver roughly 174–175 affordable units targeted to extremely low-income seniors and restore the New Asia Banquet Hall.
President Aaron Peskin led the presentation, describing the SUD at 758 and 772 Pacific Avenue as the first new affordable senior development in Chinatown in decades and saying it would allow seniors to age in place while…
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