"San Francisco is an aging city. According to the California Department of Finance, by 2030, nearly one-third of the city will be populated by people 60 and older. That's more than the state average. The lack of housing continues to be an issue. One group in particular faces challenges when it comes to affordable housing. But in just a few years, a drenched empty lot on Market Street will be transformed into a 15-story residential building for seniors in San Francisco."
""As folks age, incomes become restricted, the cost of living rises and so the need for affordable housing becomes even greater," explained Dani Soto, Deputy Director of Openhouse, a nonprofit serving LGBTQ+ seniors. Because San Francisco looks after its LGBTQ+ people, the building will be marketed primarily to that community and to some veterans. Mercy Housing will develop the property offering 187 studios and one-bedroom apartments with funding coming from the state and the city--all affordable housing."
""For seniors age 62 plus, and the income will be restricted for very low income to extremely low income, so that means that folks can be making approximately $16,000 up to $92,000 a year," outlined Sean Wils, Senior Project Manager of Mercy Housing. MORE: 25-story housing proposal at SF Marina Safeway site draws both praise and criticism Across the street, the building at 1939 Market Street will offer services and programs run by Openhouse in San Francisco."
San Francisco will have nearly one-third of its population aged 60 and older by 2030, exceeding the state average. The city faces a persistent housing shortage that disproportionately affects seniors and specific communities. A drenched empty lot on Market Street will become a 15-story residential building providing 187 studios and one-bedroom apartments designated as affordable housing. Mercy Housing will develop the property with state and city funding. Units will serve seniors age 62+ with income limits from very low to extremely low, roughly $16,000 to $92,000 annually. The building will be marketed primarily to LGBTQ+ seniors and some veterans and sit adjacent to Openhouse services.
Read at ABC7 San Francisco
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