On-Site BMR at 830 Eddy


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BUILD is pleased to contribute to the production of affordable housing in San Francisco, by including Below Market Rate units as part of this project.  830 Eddy includes 14.6% below-market-rate units on site as part of the project, which equates to 20 affordable homes.  The units include a mixture of 3-Bedroom, 2-Bedroom, 1-Bedroom and Studios, in accordance with the unit mix of the project.  These designated units will remain permanently affordable for the life of the project. 


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On-Site BMR at O&M


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BUILD is pleased to contribute to the production of affordable housing in San Francisco, by including Below Market Rate units as part of this project.  650 Indiana includes 14.4% Below Market Rate units on site as part of the project or 17 units.  The units include a mixture of 3-Bedroom, 2-Bedroom,1-Bedroom and Studios, in accordance with the unit mix of the project.  These designated units will remain permanently affordable for the life of the project. 


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On-Site BMR at 1532 Harrison


We are pleased to contribute to the production of affordable housing in San Francisco, by including Below Market Rate units as part of this project.  1532 Harrison includes 16% Below Market Rate units on site as part of the project or 22 units.  The units will be a mixture of 2-Bedroom, 1-Bedroom and Studios, in accordance with the unit mix of the project.  These designated units will remain permanently affordable for the life of the project.  


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One Oak Octavia Boulevard Affordable Housing Partnership


BUILD has entered into a Directed Fee Agreement with the Mayor's Office of Housing to fund three targeted affordable housing projects along Octavia Blvd, on the former Central Freeway Parcels R, S, & U.  These affordable housing projects will be developed by a non-profit selected by the Mayor's Office of Housing and will include 72 permanently affordable units within 0.3 miles of the One Oak project.  This represents 24% of the unit count at BUILD's One Oak Project.  Parcel U will provide deeply affordable units (30% of Area Median Income) for Transitional Age Youth (TAY) at risk of homelessness. These deeply affordable units were identified in the adopted Market-Octavia Plan but funding was never allocated towards their development.

Parcels R & S were awarded to BUILD via a competitive RFP process and the parcels were originally intended to be market-rate units. As part of the Directed Fee Agreement, however, BUILD transferred the development rights to the Mayor's Office of Housing to be developed as Below Market Rate (BMR) units by a non-profit. Rents from 7,500 SF ground floor retail spaces in both parcels will subsidize affordable housing operations. In addition, One Oak will contribute more than $250K in pre-development work (concept design, survey and environmental work) to the non-profit selected to develop the project by Mayor's Office of Housing.

In addition to funding the Octavia parcels, BUILD will contribute approximately $5.3 million to the City's Affordable Housing Trust Fund, in compliance with the Market-Octavia Affordable Housing Fee and the Van Ness & Market Residential SUD Affordable Housing Fee requirements.  These funds can provide land or gap funding to non-profit developers to build approximately 21 additional affordable housing units.  This represents 7% of the unit count at BUILD's One Oak Project, for a total affordable housing production in excess of 31% of the One Oak unit count.  


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