Mercy Housing Groundbreaking Celebration, May 1, 2008
Mercy Housing California is developing a former parking lot into two affordable rental housing developments that together will form an intergenerational community in the mid Market neighborhood of San Francisco. Both developments are high rise buildings with significant amount of secure open space, a 5,400 square foot youth and family center, a 400 square foot primary health clinic, and ground floor neighborhood serving retail space. Residents are within the heart of the Civic Center community, close to services and employment centers, 23 MUNI lines and BART.
10th and Mission Family Housing: 136 apartments for lower income families in a new 12-story building. Units will be affordable to households ranging from 15% AMI to 50% AMI. Forty-four of the uints will be targeted for occupancy by chronically homeless families referred by the City.
9th and Jessie Senior Housing: 107 apartments for very low income elderly (ages 62 or better) in a new 11-story building. All units will be affordable to seniors at or below HUD's 50% AMI. The HUD 202 Program will subsidize 95 of the units and San Francisco Department of Health will subsidize 11 units. Twenty-seven of the units will be targeted for occupancy by homeless seniors referred by the City.
The San Francisco Redevelopment Agency contributed to this project from its Citywide Tax-Increment Housing fund in the form of loans, a 99-year land lease after the Agency's purchase of the site and the issuing of bonds. All combined the Agency has committed over $62 Million for the creation of this dual project.
