"The Marvel in the Mission project will serve as a model for supportive housing, featuring on-site services aimed at helping residents remain stably housed. This initiative is crucial for addressing the needs of low-income households experiencing homelessness or those at risk."
"The first phase of construction will create 136 units of permanent supportive housing, while subsequent phases will add 134 and 112 affordable family housing units, contributing significantly to the Mission's affordable housing stock."
"The financing package for the first phase includes a $61 million loan from the Mayor's Office of Housing and Community Development, tax-exempt bonds, and a long-term ground lease, showcasing a collaborative effort to fund affordable housing."
The Marvel in the Mission project has officially broken ground, featuring 382 units of affordable housing, including 136 units of permanent supportive housing for formerly homeless residents. Located adjacent to the 16th Street-Mission BART Station, the development aims to provide on-site services to help residents maintain stable housing. The project is co-developed by Mission Housing Development Corp. and the Mission Economic Development Agency, with financing approved by the San Francisco Board of Supervisors. The site was previously intended for a market-rate condo complex but was repurposed for affordable housing in 2022.
Read at sfist.com
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