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Building for all: Nonprofit and developer team up for hybrid approach to housing crisis

May 19, 2015

By : sfexaminer – excerpt

For the first time in The City, a private developer and nonprofit are teaming up to building housing for the formerly homeless on the same site with market-rate housing.

The housing crisis in San Francisco has, if nothing else, prompted developers to think outside the box.

For the first time in The City’s history, a development firm has teamed up with a nonprofit organization to offer supportive housing for formerly homeless individuals and families, on the same site where market-rate housing will be constructed. It’s a move supporters hope will inspire future projects to follow suit.

But some feel the proposal at the decrepit and run-down Civic Center Hotel, owned by the Local 38 Plumbers and Pipefitters Union, will not provide enough below market-rate homes in the thriving mid-Market area.

San Francisco-based Strada Investment Group has teamed up with Community Housing Partnership, The City’s only nonprofit that exclusively provides supportive housing to formerly homeless individuals and families. The firm and nonprofit will transform the hotel into a nearly 600-unit mixed-use development of multiple buildings, along with vehicle and bicycle parking and open space.

 Supportive housing is for individuals, families and seniors who are exiting homelessness and typically earn less than 20 percent of the area median income, which in San Francisco is $71,350…
“Strada was very courageous to make this decision; deciding to do supportive housing, especially in a moment in time when homelessness is such a concern in San Francisco,” said Gail Gilman, executive director of Community Housing Partnership… (more)
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