San Francisco, CA — Today, Mayor London N. Breed joined City officials, local leaders, and development partners to celebrate the groundbreaking of 2550 Irving Street, a new 100% affordable housing development in San Francisco’s Sunset neighborhood.
Located along the Irving Street commercial corridor, 2550 Irving will provide 90 new permanently affordable rental units serving households earning between 25% to 75% of the area median income (AMI), with 22 subsidized units designated for families exiting homelessness and 15 subsidized units designated for formerly homeless veterans.
Including 2550 Irving, San Francisco has nearly 3,000 new units under construction or breaking ground this year as part of 100% affordable projects, a significant increase in affordable housing production compared to prior years. On average, the City built under 600 units per year from 2015 to 2023.
“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.”
2550 Irving builds on efforts to increase housing across San Francisco as part of Mayor Breed’s Housing for All strategy that fundamentally changes how the City approves and builds housing. The Mayor's strategy lays out an action plan for the City to meet the bold goal of allowing for 82,000 new homes to be built as part of the State-mandated Housing Element.
According to the April 2023 San Francisco Housing Balance Report, District 4 has experienced the greatest impact of affordable housing loss of all the City’s supervisorial districts. 2550 Irving is the second affordable housing project to break ground in District 4 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.
In addition to its proximity to a wide-range of neighborhood-serving businesses, schools and libraries, 2550 Irving is one block from Golden Gate Park and is served by a number of public transit lines, including the 29 Sunset, 7 Haight/Noriega, and 28 19th Avenue, and N Judah light rail. The site is also located about two miles from the Veterans Administration (VA) hospital which provides essential services to the City’s veteran residents.
“The Sunset is known for being a place for families, but many can no longer afford to live here. San Francisco must retain more families to be a thriving city,” said Supervisor Joel Engardio, who represents the Sunset neighborhoods. “It’s vital we commit to building new housing for all income levels. This fully affordable housing on Irving Street is long overdue. The Sunset welcomes all the families this project will keep in San Francisco.”
Tenderloin Neighborhood Development Corporation (TNDC), a San Francisco-based non-profit organization with more than 40 years of experience in both the development and management of affordable housing in San Francisco, is leading the project’s development. In addition to community spaces for residents, 2550 Irving will feature a ground-floor a multipurpose room and office spaces for exclusive use by the Sunset Chinese Cultural District (SCCD), in partnership with the Wah Mei School and TNDC.
“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.
“Projects like 2550 Irving meet HCD’s goals of helping families remain—and thrive—in high-resource neighborhoods while reducing emissions by connecting residents to jobs and opportunity through proximity to transit,” said HCD Director Gustavo Velasquez. “With so many units dedicated to our deserving veterans and to families who had faced homelessness in the Sunset District, this development with its communal outdoor spaces will provide a true sense of home and community for residents.”
The construction of 2550 Irving 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.
Construction is expected to be completed in Winter 2025 with lease-up starting in summer 2025.
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