Washington, D.C. – (RealEstateRama) — Mayor Edwin M. Lee announced the release of a Request for Proposals (RFP) from the Office of Community Investment and Infrastructure (OCII) for two affordable housing developments with 290 new, permanently affordable homes on key parcels located at the site of the former Candlestick stadium at Candlestick Point in the Bayview.
Located at Candlestick Point Blocks 10a and 11a, the 290 units of housing will be permanently affordable rental units, with qualifying household incomes at or lower than 60 percent of area median income (AMI). Of the 290 units, 58 units will be set aside for formerly homeless families with at least 10 units for young parents ages 18 to 24 who are transitioning out of foster care, juvenile justice systems or homelessness. The RFP outlines the units to be built with one to five bedrooms, serving a range of family sizes.
“We are building new, permanently affordable housing today for our low income and homeless families,” said Mayor Lee. “This is another great step forward to meet my aggressive goal of delivering 10,000 affordable units by 2020, so that San Francisco remains home to our many diverse families.”
Financing for these developments is made possible through Senate Bill 107, which was State legislation supported by Mayor Lee, sponsored by Senator Mark Leno and signed by Governor Jerry Brown, that has resulted in $500 million in funding for affordable housing in San Francisco. SB 107 allows OCII to accelerate its delivery of 3,300 affordable units to be built in neighborhoods at Candlestick Point, Hunters Point Shipyard, Transbay and Mission Bay.
“The combination of affordable housing with resident amenities and supportive services helps guarantee solutions for our City’s most vulnerable,” said OCII Commission Chair Mara Rosales. “On site robust supportive services, 24-hour desk staff, and access to transportation, childcare and shopping will help ensure people integrate back into our communities.”
“OCII is fulfilling our long-standing commitment to build affordable housing for the Bayview Hunters Point community,” said OCII Executive Director Tiffany Bohee. “Because of the passage of SB 107 in 2015, due to the leadership of Senator Leno and Mayor Lee, OCII will secure financing enabling us to accelerate the production of affordable housing. To meet OCII’s affordable housing goals on Candlestick Point—years ahead of schedule—is exciting.”
The developments fronting to-be-constructed extensions of Harney Way and Ingerson Street, are a component of the public-private partnership between OCII and Lennar Urban to create thriving new neighborhoods at the sites of the former Candlestick stadium and Hunters Point Shipyard.
The 280-acre Candlestick Point neighborhood includes the rebuilding of the Alice Griffith public housing development consistent with the City’s SF HOPE program, the renovation of the Candlestick Point State Recreation Area, and multiple new transit routes, open space and community facilities space to serve the Bayview community.
OCII plans to release requests for proposals later this year for additional affordable housing developments at Hunters Point Shipyard Block 54 and Mission Bay South Block 6 West at China Basin and Merrimac Streets.
For more information on the RFP for Candlestick Point Blocks 10a and 11a, go to: http://sfocii.org/rfps-rfqs-bids.