It was back in 2015 that San Francisco’s Board of Supervisors approved the City’s $18.5 million purchase of the corner parcel at 490 South Van Ness Avenue and 16th Street in the Mission, a site which was approved for the development of a seven-story, 72-unit building and which the Mayor’s Office of Housing and Community Development planned to have developed and offered at below market rates (i.e., BMR or “affordable”) with a target opening by the end of 2017.
While the project has yet to break ground, the development has since been redesigned to fit 81 units within the same building envelope, by eliminating the previously approved 48-car garage and reducing the average size of the units.
In addition, the development’s previously approved ground floor commercial space has been redesigned as a 680-square-foot community room and all full balconies have been eliminated from the plans.
And with the building permits for the 81-unit development, which is being championed by Bridge Housing in conjunction with the Mission Housing Development Corporation, having recently been approved and issued, the Mayor’s Office of Housing is expected to authorize the San Francisco Housing Authority to submit a request to the United States Department of Housing and Urban Development to release funds for the development and certify its environmental review within the next three weeks, clearing the way for the project to finally break ground.
Thirty (30) percent of the units are to be reserved for formerly homeless families with the remainder to be offered to families that earn up to 60 percent of the Area Median Income (AMI). We’ll keep you posted and plugged-in.