In total, the new investment will support the building of 290 units of affordable housing for families, formerly homeless individuals, public housing residents, seniors, and people with developmental disabilities.
San Francisco has been awarded more than $117 million to invest in affordable housing projects, according to a statement from Mayor London Breed's office.
The money will help kickstart three shovel-ready projects, including 98-units at 4200 Geary Blvd., 90-units at Sunnydale Block 3B, and 102-units at 234 Van Ness Ave. The funding comes from the California Department of Housing and Community Development's California Housing Accelerator Fund, which was given $1.75 billion from the federal American Rescue Plan Act, according to the statement.
"This funding is an essential tool in our work to deliver more affordable housing in San Francisco," said Mayor Breed."While we need to do more work to make it easier to build housing across our entire city, this funding will help us move forward these critical projects so we can get more people housed more quickly."
The development on Geary Boulevard. will be dedicated to veterans and seniors, while the Sunnydale project will have 75 percent of units set aside for public housing residents and will feature retail space. At the project planned for 234 Van Ness Ave., 25 percent of the units will be reserved for clients of the Golden Gate Regional Center who have developmental disabilities.Place a free digital obituaryWe provide a free service for you to honor your loved ones. Click below to get started.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Central Subway to open in San Francisco - San Francisco Business TimesReady to ride the Central Subway in San Francisco. Service begins Nov. 19. Here's how we got there.
Read more »
MNF: Rams and 49ers Odds, Bets and Point Total BreakdownThe reigning Super Bowl Champions are underdogs for the second time in four games. 49ers are giving the Rams 1.5 points on MNF. Get in on the action on SI Sportsbook
Read more »
San Francisco's Misfit Cabaret: The lovers, the dreamers, the misfitsSan Francisco's Misfit Cabaret delivers a magical, musical, pop culture experience.
Read more »
Lafayette Hotel and Swim Club closed until May 2023 for restoration projectConsortium Holdings Projects bought the property three years ago, and it says the top-to-bottom renovations will cost $26 million.
Read more »
Faurecia gets 213 mln euros from the EU to develop hydrogen project in FranceFrance's Faurecia said its hydrogen technology project was granted 213 million euros ($208.72 million) of public support from the European Commission as part of the Hydrogen IPCEI programme.
Read more »
San Francisco Renames Street in Honor of ‘Grandpa Vicha'People gathered in San Francisco’s Anza Vista neighborhood Saturday as a city street was renamed in honor of Vicha Ratanapakdee.
Read more »