By Bay City News.
The city government plans to build five new affordable housing projects in San Francisco, creating 550 new homes for seniors, families and low-income people emerging from homelessness, Mayor London Breed's office announced Friday.
Construction can begin as early as 2026 and residents will move in by the end of 2028, depending on the availability of deficit funds.
Projects were announced in five neighborhoods: Bernal Heights, Sunset District, Potrero Hill, Alamo Square and Forest Hill. Each project will be developed by different groups in partnership with the Mayor's Office of Housing and Community Development (MOHCD), other city agencies and community partners.
The MOHCD will finance the acquisition and pre-development of the new projects. It will also support applications for future funding sources, including state and federal low-income housing tax credits, financing programs through the California Department of Housing and Community Development, and local pre-development loans.
These projects are a step toward the mayor's state-mandated plan to build 82,000 new homes in the city over the next eight years, according to Breed's office.
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