
"The eight-story project was expected to be completed in 2028, but now, developers say they are reapplying for funding in 2027. If successful, they will begin construction in early 2028. The development cost is approximately $181 million."
"The project would provide 199 units for seniors, with household incomes between 15 to 60 percent of area median income. It would also provide an on-site adult day health care center, operated by Self-Help for the Elderly."
"Jacob Goldstein, TNDC's project manager, said that without the state funding, the project can't 'advance to the next funding stages.' The project co-developers, Tenderloin Neighborhood Development Corporation and senior service nonprofit Self-Help for the Elderly, failed to land a key state grant."
District 4 supervisory candidates are being asked whether they would help advance a stalled affordable senior housing project at 1234 Great Highway, located between Lincoln Way and Irving Street near Ocean Beach. The eight-story development, a $181 million project by Tenderloin Neighborhood Development Corporation and Self-Help for the Elderly, would provide 199 units for seniors earning 15-60 percent of area median income, plus an on-site adult day health care center. The project faced an extended hiatus after failing to secure key state funding needed to advance to subsequent funding stages. Developers plan to reapply for funding in 2027, targeting early 2028 construction. Candidates are responding with specific actions they would take as supervisor to support the project's progress.
#affordable-housing #senior-housing #san-francisco-district-4 #project-funding #community-development
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