San Francisco Breaks Ground on 335 Affordable Housing Units in East Cut Neighborhood
San Francisco's skyline is set to get a boost with the addition of 335 affordable housing units in the bustling East Cut neighborhood. Mayor London Breed presided over the groundbreaking ceremony, laying the first stone on what will become a haven for seniors, low-income families, and individuals who have battled homelessness. These two projects, dubbed Transbay Blocks 2 West and 2 East, are part of a strategy to fuel downtown vibrancy and meet lofty housing goals.
"These homes will not only provide stability to seniors, low-income families, and formerly homeless individuals, they will also add vibrancy to Downtown and move us closer to our 30 by 30 goal of adding 30,000 residents and students Downtown by 2030," Breed remarked, as detailed by the City of San Francisco. With a completion date for Block 2 West eyed for winter 2025 and Block 2E to follow in the spring of 2026, the mayor's office is looking to bolster the community with substantial growth well into the next decade.
Senior citizens will find a new lease on life at Block 2 West, managed by the Chinatown Community Development Center, which promises 151 units designed for their needs. "We're thrilled to embark on Chinatown CDC's largest senior housing project in 25 years! With 151 units, including homes for formerly homeless and low-income seniors, Transbay Block 2 West Senior Housing embodies our commitment to quality living,” Malcolm Yeung, the Executive Director of Chinatown CDC, told SF.gov. Miracle Housing California takes the helm for Block 2E, earmarking 184 units for families caught in the low-income bracket.
Fundamentally an infrastructure project, this housing endeavor is not just a roof over heads—it's a comprehensive plan to enliven the neighborhood. Retail spaces, affordable childcare, and supportive services are built into the blueprint. To top it off, the initiative includes pedestrian and transportation improvements, like upgraded transit signals and complimentary Muni passes for residents of Block 2E for three years. Bank of America has thrown its financial weight behind the project, offering construction debt and tax credit equity. Liz Minick, Bank of America Market Executive, said the partnership would "transform this South of Market neighborhood and the lives of its tenants," according to a statement obtained by SF.gov.
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