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With nearly all the votes counted, San Francisco voters have approved two housing-related ballot measures.
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Proto Property Services plans to build a 17-story, 415-unit building in the booming area.
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The additional funding comes after Amazon deployed $2B that it says helped create or preserve 21,000 units across three regions.
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Funding affordable housing has attracted attention on a federal level in recent months.
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Underwriting company PCH Specialty Programs is launching a property insurance product in February to help mitigate risk in the affordable housing sector.
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Twenty-six percent of low-income adults and 48% of children in the area have little to no access to healthy food within 1 mile.
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MacFarlane Partners and Avanath Capital are developing 115 units of 100% affordable senior housing in the Fillmore District.
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Median home prices in Five Points have reached $600K.
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Daniel Gehman, principal of Danielian Associates Architects + Planners, will discuss affordable housing design at Bisnow's May 22 LA Affordable Housing event.
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The auction for the 435-unit Meadow Green Courts complex drew a crowd, but none were willing to bid more than the value of the $26M loan.
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