Ground has been broken in San Francisco's Sunset neighborhood for a new affordable housing development to relieve the housing crisis. The 2550 Irving Street project will offer 90 affordable homes targeted at households earning up to 75 percent of the Area Median Income. Of these, a critical subsection—37 units—will be allocated to veterans and formerly homeless families, making a dent in the city's commitment to address homelessness and provide housing for those who have served the country.
The Tenderloin Neighborhood Development Corporation spearheads the initiative with financial backing that appears robust and multifaceted. In a concerted effort, the Mayor's Office of Housing and Community Development and the HCD's Multi-Family Housing Program (MHP) have invested in the project. The latter kicked in upwards of $36 million, empowered by an Infill Infrastructure Grant that solidifies the plan's financial underpinning. "Projects like 2550 Irving meet HCD’s goals of helping families remain—and thrive—in high-resource neighborhoods while reducing emissions by connecting residents to jobs and opportunity through proximity to transit," HCD Director Gustavo Velasquez said.
The development promises more than shelter, with plans for 2,250 square feet of community-centered ground floor space to amplify neighborhood engagement and provide office space earmarked for the Sunset Chinese Cultural District. In taking practical steps towards building a vibrant community, the project aligns with broader strategies to seamlessly integrate affordable housing within the city's fabric. The site not only nestles a block away from Golden Gate Park but also boasts proximity to libraries, schools, and transit options—not to mention that it is within reach of the Veterans Administration hospital.
