San Francisco Voters Pass Affordable Housing Bonds, Conversion Tax Exemption
With nearly all the votes counted, San Francisco voters have approved two housing-related ballot measures.
With nearly all the votes counted, San Francisco voters have approved two housing-related ballot measures.
Proto Property Services plans to build a 17-story, 415-unit building in the booming area.
The additional funding comes after Amazon deployed $2B that it says helped create or preserve 21,000 units across three regions.
Funding affordable housing has attracted attention on a federal level in recent months.
Underwriting company PCH Specialty Programs is launching a property insurance product in February to help mitigate risk in the affordable housing sector.
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.
MacFarlane Partners and Avanath Capital are developing 115 units of 100% affordable senior housing in the Fillmore District.
Median home prices in Five Points have reached $600K.
Daniel Gehman, principal of Danielian Associates Architects + Planners, will discuss affordable housing design at Bisnow's May 22 LA Affordable Housing event.
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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