Real Estate & Development in ...
The City of San Francisco is seeking interest from qualified developers to build affordable rental housing at nine sites across eastern San Francisco, including an unassigned parcel at Pier 70 and several SoMa locations.
Need a budget-friendly new spot? Apartment hunting can be hard, but there are deals. So what does the low-end rental price in Chinatown look like these days?
The master plan meets the terms of a 2016 legal settlement with the City. The Planning Commission closed public comment on its proposed master plan last week.
Need a budget-friendly new spot? Apartment hunting can be hard, but there are deals. So what does the low-end rent in Chinatown look like these days?
The building was renovated under the city's RAD program, which transfers ownership of public housing to nonprofit developers.
Median rents for a 1-bedroom in Chinatown are hovering around $2,506 — compared to a $3,300 average for San Francisco.
Median rents for a 1-bedroom in Chinatown are hovering around $2,550 — compared to a $3,295 average for San Francisco.
The purchase would bring affordable housing units to an area that houses a large number of low-income residents.
As anticipated, the Planning Commission voted to approve the 65-foot building, slated for the southeast corner of California and Powell, during its meeting yesterday afternoon.
The condos would be built on a parking garage and surface lot on the border of Chinatown and Nob Hill, next to the California cable car line.
Some say the proposal will disproportionately squeeze the already densely populated district, while others are in favor of more housing.
The vast majority of SRO tenants—88 percent— are headed by the working poor who have jobs in industries such as hotels, sales, construction and restaurants.