July 11, 2019 Comments Off on Trio of Affordable Projects Started as San Francisco Eyes Largest Affordable Bond in History Views: 492 Bay Area, California News

Trio of Affordable Projects Started as San Francisco Eyes Largest Affordable Bond in History

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Three affordable projects broke ground this week in the Bay Area, even as the San Francisco Board of Supervisors voted unanimously to place the largest affordable housing bond in city history on the Nov. 5 ballot. San Francisco voters will be asked to approve a $600-million measure that could lead to the construction of roughly 2,800 new affordable housing units.

The City of Alameda, along with Eden Housing and Alameda Point Partners plan to break ground today on Alameda Point Senior Apartments (pictured), a 60-unit affordable rental community for seniors age 62 and older at the $1-billion Alameda Point’s Site A development in Alameda. Completion is slated for July 2020.

San Francisco Mayor London N. Breed, Supervisor Aaron Peskin, and community leaders also launched construction on 88 Broadway and 735 Davis near The Embarcadero. Together, the buildings will provide 178 new permanently affordable homes for families, seniors, and formerly homeless seniors.

88 Broadway is currently a surface parking lot owned by the Port of San Francisco. 735 Davis is a former San Francisco Public Works parking lot that was transferred to the Mayor’s Office of Housing and Community Development. Bridge Housing Corporation and The John Stewart Company are partners on these multi-building developments, which are expected to deliver mid-2021.

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