San Francisco secures $42 million in state funding for affordable housing

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California Construction News staff writer

San Francisco has been awarded more than $42 million from the California Department of Housing and Community Development (HCD) for two affordable housing projects in the Sunset and Bayview-Hunters Point Districts.

The two projects will provide more than 200 units of affordable housing.

Both projects receiving funding from HCD’s Super NOFA are expected to begin construction this year:

  • 2550 Irving, the Sunset District’s second affordable housing project with 90 units – 20 for families experiencing homelessness received $36.3 million – the largest award in this round of funding than any other housing project in the state.
  • Hunters Point Shipyard Blocks 52 and 54, a two-building family housing project with 112 apartments, a community room, fitness room, and more than 4,000 square feet of open space received $5.9 million.

“San Francisco is embracing the work we need to do to dramatically expand housing in this City, including affordable housing,” said Mayor London Breed. “But to achieve our ambitious housing goals, we need critical support and partnership from the state.

Breed recently announced a Housing for All Plan, to fundamentally change how San Francisco approves and builds housing, and implemented the recently certified Housing Element, which sets the goals and policies to allow for 82,000 new homes to be built over the next eight years.

Housing for All includes administrative reforms, legislative actions and government accountability actions for the city to work with state and federal agencies to identify support for affordable housing, including:

  • Reform restrictive zoning controls
  • Reduce procedural requirements that impede housing production
  • Revise inclusionary housing requirements
  • Remove barriers for office-to-residential conversions
  • Create new funding mechanisms to unlock the housing pipeline
  • Standardize and reduce impact fees

Read the Executive Directive here.

“California continues to advance our commitment to building 2.5 million homes — with one million affordable homes — by 2030, as outlined in our Statewide Housing Plan,” said HCD Director Gustavo Velasquez. “Our simple approach to funding helps us accelerate much-needed construction and ensure the lowest-income Californians have access to quality homes near jobs, transit, schools, and other necessities that will make our communities more inclusive for decades to come.”

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