California Construction News staff writer
A groundbreaking was held last week at 2550 Irving St., a new 100% affordable housing development in San Francisco’s Sunset neighborhood.
Construction will be overseen by Guzman Construction Group, a certified San Francsico-based minority-owned contractor. Additional local development and legal partners include PYATOK Architects, Miller Company Landscape Architects, Waypoint Consulting, California Housing Partnership Corporation, Gubb & Barshay, and Farella Bruan + Martel.
“To tackle the challenges that San Francisco faces, we need to deal with the housing shortage, because without a safe and affordable place to call home, those in most need cannot have stability,” said Mayor Breed. “Building housing makes our communities stronger, sets our City up to thrive, and helps make San Francisco more affordable for all. I want to thank all those who continue to push to support for more housing across the entire City.”
Construction is expected to be completed in Winter 2025 with lease-up starting in summer 2025.
District 4 has experienced the greatest impact of affordable housing loss of all the City’s supervisorial districts, according to the April 2023 San Francisco Housing Balance Report and 2550 Irving is the second affordable housing project to break ground in the last decade and will provide urgently needed housing for essential workers and their families including teachers, police officers, frontline healthcare workers, and employees of neighborhood shops and restaurants.
“The community under construction at 2550 Irving Street is a monumental step toward providing essential affordable housing for working families throughout San Francisco. Located near Golden Gate Park, excellent schools, and the vibrant hum of Irving Street, these apartment homes will offer an ideal environment for families to thrive,” said Katie Lamont, Chief Operating Officer and Interim Co-Chief Executive Officer at TNDC. “We are grateful to our partners and the community for making this vision a reality. Together, we are building a brighter, more equitable future for San Francisco.”
The $99.4 million project was financed by the Mayor’s Office of Housing and Community Development (MOHCD) and the California Department of Housing and Community Development (HCD). The project received a Multi-Family Housing Program (MHP) award and additional funds from the Infill Infrastructure Grant (IIG) program. Additional financing was provided by the Federal Low-Income Housing Tax Credit (LIHTC) program.
