San Francisco, CA — Today, Mayor London N. Breed announced San Francisco has been awarded more than $37.9 million in funding from the California Department of Housing and Community Development (HCD) as part of the State’s Multifamily Housing Program (MHP). The HCD loan will provide the final funding necessary for development of Casa Adelante - 1515 South Van Ness, a 168-unit affordable housing project located in San Francisco’s Mission District.
The new development at 1515 South Van Ness Avenue will provide 168 affordable homes to low-income families, formerly homeless families, and persons living with HIV earning between 25-80% of the San Francisco Area Median Income (AMI). In addition, the project is anticipated to provide family-friendly amenities and ground floor community-serving commercial spaces that preserve the prevailing neighborhood character of the Calle 24 Latino Cultural District.
“This funding unlocks our ability to move on building affordable housing units for families in San Francisco at a crucial time. We understand the level of need for more housing that is accessible, and like the state, the City continues to face a challenging budget cycle,” said Mayor London Breed. “1515 South Van Ness is a good example of what can be achieved in San Francisco when you have strong community partnerships and an unwavering commitment to deliver on critical needs for our residents.”
“From the beginning of my term as Supervisor, I have fought to bring affordable housing to 1515 South Van Ness. In the interim, the site has been utilized for homeless services and shelter, and I am thrilled that HCD has recognized the value of this development, and we are finally ready to break ground and bring 168 affordable homes to low income and formerly homeless families in the Mission,” said Supervisor Hillary Ronen.
Previously owned and occupied by McMillan Electric Company until 2015, the City and County of San Francisco purchased 1515 South Van Ness Avenue in June 2019 with the intent of developing new affordable housing. In November 2020, the San Francisco Mayor’s Office of Housing and Community Development (MOHCD) released a Multi-site Request for Qualifications (RFQ) seeking qualified developers to build affordable housing on the site, and subsequently selected Chinatown Community Development Corporation (CCDC) and Mission Economic Development Agency (MEDA) in May 2021 to develop the site. The project is expected to begin construction in winter 2025.
"A strong, long-term push by Mission advocates to make this site 100% affordable is now paying off, with 168 family units that include services and childcare. People of color communities know what they need, and we are excited to be in partnership with a team, consisting of MEDA, CCDC, and MOHCD, that listens,” said Malcolm Yeung, Executive Director at CCDC. “Last but certainly not least, big kudos to HCD who selected this project for the State MHP financing award precisely because of its deeply community serving nature. That wasn't an easy selection in what was an incredibly competitive RFP round."
“MEDA is honored to be the recipient of the state’s HCD MHP award in order to complete the funding for Casa Adelante - 1515 South Van Ness. This is a competitive funding stream, and to have been awarded this allotment affirms the state’s commitment to affordable housing and commends MEDA’s impact as a community developer in San Francisco,” said Luis Granados, Chief Executive Officer at MEDA. “We are excited to be in partnership with CCDC, yet again, and for the opportunity to develop intergenerational affordable housing in the City's Mission District.”
Increasing housing affordable to lower-income and vulnerable residents is a key priority in the City’s Housing Element which calls for additional funding for affordable housing production and preservation, as well as Mayor Breed’s Housing for All Executive Directive that sets out the steps the City will take to meet the bold goal of allowing for 82,000 new homes to be built over the next eight years. Today’s funding announcement emphasizes the importance of regional and state collaboration in order to reach our housing and climate goals.
“We are thrilled—not just to bring a project of this size to a community with great need—but to do so with community-based developers and their partners who understand the neighborhood and sensitivities around cultural preservation,” said HCD Director Gustavo Velasquez.
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