SF Opens First New Affordable Housing in Mission in 10+ Years
Mayor London Breed Celebrates Grand Opening of First New Affordable Housing in the Mission in Over a Decade
Thursday, December 17, 2020
1296 Shotwell Street is home to 94 senior and formerly homeless senior residents
Mayor London N. Breed today celebrated the grand opening of a 100% affordable housing project in the Mission at Casa Adelante—1296 Shotwell Street, (between 26th St. and Cesar Chavez) which is comprised of 94 affordable homes for seniors and formerly homeless seniors. The project is also the first in the City to use the Planning Department’s Affordable Housing Bonus program, which resulted in three additional floors and over 33 more units.
The parcel at 1296 Shotwell was conveyed to the Mayor’s Office of Housing and Community Development (MOHCD) via a land dedication—the City’s first—by the developers of the Vida Condominiums/Alamo Draft House at 2558 Mission Street in 2013. The transaction was conducted as part of the City’s Inclusionary Affordable Housing Program to create 100% affordable housing. The City’s newly piloted Senior Operating Subsidy (SOS) program is providing direct rental assistance to 40 of the tenants.
Casa Adelante—1296 Shotwell is the first project in San Francisco to utilize the Senior Operating Subsidy program created by Board President Norman Yee last year. The subsidy enables senior residents with incomes at 15% and 25% of the local Area Median Income (AMI) to meet the 50% AMI rents required to live at the development.
Housing Eligibility
See details at medasf.org
- 17 studio rental units available from $266 to $1,021 per month
- 54 one-bedroom rental units available from $300 to $1,162 per month
- New units with modern design + on-site amenities (laundry facilities, resident services, Community room & kitchen, and landscaped outdoor spaces)
- Head of household must be 62 years of age or older
- Households must have a minimum monthly income of two times the rent. *Section 8 & other subsidy vouchers are exempt from this monthly income requirement.
- Households must earn no more than the income levels listed $43,100 for 1 person, $49,250 for 2 persons, $55,450 for 3 persons
In August 2015, MOHCD selected Mission Economic Development Agency (MEDA) and Chinatown Community Development Center (CCDC) to develop, own, and operate the affordable housing development proposed for the site. MEDA currently has three other Casa Adelante housing developments under construction in the Mission at 2060 Folsom, 1990 Folsom, and 681 Florida.
Built with senior residents in mind, amenities at Casa Adelante—1296 Shotwell include rooftop terraces with shared garden plots and landscaped courtyards, a spacious community room with a kitchen, 22 bicycle storage spaces, a solar hot-water system, and a communal laundry room. The property also incorporated a state-of-the-art seismic design that ensures maximum safety of the residents in the case of an earthquake, where they will be able to remain comfortably in place with no temporary displacement to complete safety inspections.
Major financing for 1296 Shotwell was provided by a $27.6 million investment from MOHCD that enabled the $54.2 million project to move forward. This highly anticipated development has been made possible by financing from the San Francisco voter approved 2015 General Obligation Housing Bond for Affordable Housing Program, San Francisco Affordable Housing Fund, and HOME funds from HUD. Other financial partners include the California Community Reinvestment Corporation, California Debt Limit Allocation Committee, California Municipal Finance Authority, California Tax Credit Allocation Committee, Clarke & Soffa, Raymond James Tax Credit Funds Inc., and Silicon Valley Bank.
The nine-story building, designed by local architect, Herman Colliver Locus includes studios and one-bedroom apartments. Construction started in January 2018 and was completed in December 2019, with all apartments fully leased up in May 2020
