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SF Celebrates Grand Opening of 100% Affordable Housing in the Mission

The eight-story building has 143 units, which will house more than 300 people
By - posted 5/5/2022 No Comment

San Francisco celebrated the grand opening of Casa Adelante—2828 16th Street, a 143 unit, 100% affordable housing development in the Mission District. Formerly known as 1990 Folsom, the development designates 36 units for public housing residents relocating from Potrero Hill and Sunnydale HOPE SF sites. The remaining 107 units are designated for low-income households making between 40% and 60% of the Area Median Income (AMI).

Additionally, 2828 16th Street offers 30 units with accessibility features for people with impaired mobility and three units with features for people with impaired vision and/or hearing.

“As a proud Representative for San Francisco, it was my privilege to join Mayor London Breed in celebrating Casa Adelante’s grand opening,” Speaker Nancy Pelosi said. “This development will be a vital anchor for The Mission’s Latino community, providing families with the homes they need to survive and the services they need to thrive. It was an honor to help secure $2 million in federal funds for the community-serving nonprofits in Casa Adelante, and House Democrats will continue fighting to expand affordable housing as we Build a Better America.”

2828 16th Street transformed a vacant and underutilized property into a mixed-use development with space for the arts, nonprofits, early child care, and education. In addition to the 143 units, the development features an inner courtyard, rooftop urban farm, two community rooms, and bicycle parking. The property also includes an affordable childcare center operated by the Felton Institute, ground-floor space for Mission-based nonprofits Galería de la Raza and HOMEY to provide community empowerment and cultural enrichment programming, and on-site social work and property management services provided by Tenderloin Neighborhood Development Corporation (TNDC).

“I am incredibly proud of the work that TNDC and MEDA have done, in collaboration with funders and our City partners, to bring 143 affordable new homes for families in District 9 at Casa Adelante—2828 16th Street,” said Supervisor Hillary Ronen. “This 100% affordable housing development, that will be home to more than 300 community members and includes on-site childcare and a rooftop urban farm for free produce, is exactly what is needed to keep our working families and residents home in San Francisco.”

Completed in November 2021, the eight-story, 155,000-square-foot building and associated landscaping were designed by Leddy Maytum Stacy Architects (LMSA) and GLS Landscape to address the community’s need for family-centered homes, affordable arts space, and cultural preservation. 2828 16th Street received a LEED Gold Certification in recognition of its achievement and leadership in sustainable design and construction.

2828 16th Street represents a joint venture partnership between Tenderloin Neighborhood Development Corporation (TNDC) and Mission Economic Development Agency (MEDA). The development team leveraged low-income housing tax credits, tax-exempt bonds, a mortgage, and federal Project-Based Vouchers. The Mayor’s Office of Housing and Community Development invested more than $46 million into the project through the 2015 General Obligation Bond. Bank of America, Barings Multifamily Capital/MassMutual, and Century Housing Corporation provided additional financing. Local firms LMSA, GLS Landscape, Nibbi Brothers General Contractors and Gubb & Barshay were enlisted on the project.

Read more at the Office of the Mayor.