New Affordable Housing Development in Motion on Telegraph Hill
From BeyondChron today comes some coverage on a new affordable housing project on Telegraph Hill.
“The site was formerly an offramp for the old Embarcadero Freeway, which was demolished after the 1989 Loma Prieta earthquake. San Francisco subsequently acquired the property, and ten years later, the Board of Supervisors passed a resolution to consider it as a place to develop affordable housing. The Mayor’s Office of Housing ultimately chose the Chinatown Community Development Center to develop the site.”
All units will be ‘affordable’ housing for buyers making no more than 60% of the area median income.
“The project will offer 23 efficiency, 24 two-bedroom, and 34 three-bedroom units. The finished site will include a community center, a 4,000 square foot childcare facility, and roughly 2,000 square feet of retail space on Broadway.”
