San Francisco leaders are celebrating the pioneering of 160 permanently affordable rental units across the street from Golden Gate Park.
Located on 730 Stanyan Street, the 100% affordable housing development will serve households earning between 25% to 80% of the area median income. The development will also include four distinct commercial spaces: an early childhood daycare center, a community space for the neighborhood, a food hall, and a micro-retail space.
Rentals will open up during the fall of 2025. Twenty of the units are designated for transitional-aged youth, 12 for families exiting homelessness, and 32 will be supported by Project Based Vouchers.
“Years of work by the City and the community have gone into this corner at Haight and Stanyan,” said San Francisco Mayor London Breed. “I can’t wait to welcome the first residents into their new homes. This is exactly the kind of project we need in neighborhoods across San Francisco.”
This $153.2 million project is part of Breed’s goal to create 82,000 new homes over eight years.
Funding for the project is coming from both federal tax credits and the Mayor’s Office of Housing and Community Development (from the 2019 Affordable Housing General Obligation Bond).
730 Stanyan will be overseen by two nonprofit organizations, the Tenderloin Neighborhood Development Corporation and Chinatown Community Development Center.
Individuals looking to rent a unit can do so through the City and County of San Francisco’s DAHLIA Housing Portal.
More information about the housing development can be found at https://www.730stanyan.org/.