MAYOR LONDON BREED CELEBRATES GROUNDBREAKING OF 100% AFFORDABLE HOUSING DEVELOPMENT IN HAIGHT-ASHBURY
June 28, 2023
Posted Courtesy of Wright Enterprises Community Spotlight San Francisco~Dallas~~~
FOR IMMEDIATE RELEASE
Wednesday, June 28, 2023
Contact: Mayor’s Office of Communications, mayorspressoffice@sfgov.org
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MAYOR LONDON BREED CELEBRATES GROUNDBREAKING OF 100% AFFORDABLE HOUSING DEVELOPMENT IN HAIGHT-ASHBURY
730 Stanyan, part of a larger effort to increase housing across San Francisco,
will provide neighborhood-serving commercial spaces
and 160 affordable homes serving transitional aged youth and low-income families.
San Francisco, CA — Today, Mayor London N. Breed joined local leaders and development partners to celebrate the groundbreaking of 730 Stanyan Street, a new mixed-use, 100% affordable housing development in the Haight-Ashbury neighborhood.
Located at the intersection of Haight and Waller Streets, directly across the street from Golden Gate Park, 730 Stanyan will provide 160 new permanently affordable rental units serving households earning between 25% to 80% of the area median income (AMI), with 20 units designated for transitional aged youth, 12 units for families exiting homelessness, and 32 units supported by Project Based Vouchers (PBV) administered by the Housing Authority of the City and County of San Francisco (SFHA).
“This project is not only adding 160 new homes for low-income families and youth, but it’s also adding to what it is an incredible community in the Haight,” said Mayor London Breed. “Years of work by the City and the community have gone into this corner at Haight and Stanyan, and I can’t wait to welcome the first residents into their new homes. This is exactly the kind of project we need in neighborhoods across San Francisco.”
In addition to community spaces for residents, 730 Stanyan will feature four separate commercial spaces open to the community on the ground floor, including an early childhood daycare center, a neighborhood-serving community space, a food hall, and a micro-retail space. The commercial spaces will reflect the distinct character of the historic Haight Street Business Corridor.
“I am thrilled to break ground on 100% affordable housing at 730 Stanyan Street,” said District 5 Supervisor Dean Preston. “Neighbors in the Haight have embraced this project with open arms, and I appreciate the partnership with Chinatown Community Development Center, the Tenderloin Neighborhood Development Corporation, and the Mayor’s Office of Housing and Community Development to see this project to fruition.”
The $153.2 million project is funded by a mix of federal tax credits, as well as substantial support from the Mayor’s Office of Housing and Community Development (MOHCD), funded in-part by the voter-approved 2019 Affordable Housing General Obligation Bond. Additional construction lending was provided by Bank of America.
730 Stanyan will be co-developed and managed by Tenderloin Neighborhood Development Corporation (TNDC) and Chinatown Community Development Center (CCDC), two nonprofit organizations with more than 85 years of combined experience in both the development and management of affordable housing in San Francisco.
“We are very excited to be in partnership with CCDC as we embark on building this vibrant community,” said TNDC CEO Maurilio Leon. “We are also very grateful for the long-standing partnerships that made today possible and 730 Stanyan is a continuation of our commitment to housing affordability and community wellness.”
"Chinatown CDC is honored to be a part of this collaboration with TNDC, the Mayor's Office, Supervisor Preston, and particularly the community stakeholders to bring 160 units of affordable housing to the vibrant heart of Haight-Ashbury,” said CCDC Executive Director Malcom Yeung.
“The groundbreaking of 730 Stanyan is another critical step forward towards the realization of much needed housing for low-income families and Transitional Age Youth."
730 Stanyan was designed by architecture firms OMA and Y.A. Studio, a model partnership between an internationally recognized architecture firm and a San Francisco-based African American-led architecture firm. Local firms GLS Landscape Architecture, Cahill Contractors, and Hercules Builders are principals in the project’s design and construction.
This will be the first development to meet City Planning’s agreement process to pay tribute to Native American land through public art. The project will pursue LEED Gold certification, which authenticates that the project was designed and constructed using strategies aimed at improving energy savings, water efficiency, and overall indoor quality.
730 Stanyan is slated to open in the fall of 2025 and builds on Mayor Breed’s efforts to increase housing across San Francisco as part of Housing for All, which is the City’s strategy to fundamentally change how it approves and builds housing. Housing For All sets out the steps the City will take to meet the bold goal of allowing for 82,000 new homes to be built over eight years.
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