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Groundbreaking for Pacific Point Block 49 marks start of 60 permanently affordable homes in Bayview

San Francisco Board of Supervisors Government Audit and Oversight Committee · December 11, 2014
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Summary

City and private partners broke ground on Block 49 (Pacific Point) in Bayview Hunters Point, pledging 60 permanently affordable rental homes targeted at families earning up to 50% of area median income and boosting local-hire and small-business participation during construction.

Supervisor London Breed opened the Government Audit and Oversight Committee, which paused to host a ceremonial groundbreaking for Block 49, also called Pacific Point. Developer representatives and city officials said the project will deliver 60 permanently affordable rental homes for households earning up to 50% of area median income; a family of four at that level was cited as earning roughly $48,000.

Robert Baca, identified as AMCOL—s development manager for Block 49, said construction had been under way for about three weeks and thanked public and private partners, including AmCal, Lennar Urban, Young Community Developers (YCD), the Office of Community Investment/Infrastructure (OCII), Bank of America and project architects and contractors. Mayor Edwin Lee told the crowd the development is part of his administration—s affordability agenda and the city—s broader plan to build 30,000 units by 2020, with a stated goal of 10,000 affordable units.

Speakers emphasized local hire and small-business participation on the construction work. The mayor said the project already had about 30% Bayview workforce participation and a target to reach 50% San Francisco residents; Lennar Urban—s representative said the project was tracking roughly 45% of workforce hours to San Francisco residents and reported Small Business Enterprise (SBE) participation figures of about 46% for housing work, 73% for infrastructure and 75% for professional services.

OCII and housing partners underscored that because the homes are being built on public land they will be permanently affordable. Officials and development partners said the building is expected to open in early 2016 and invited the mayor and the community to the grand opening.