Co-developers BRIDGE Housing and Mission Housing Development Corp. have topped out La Fénix at 1950, a new affordable housing development in San Francisco. This marks the conclusion of the topmost structure of the nine-story project, scheduled for completion in fall of 2020. This property reflects San Francisco’s efforts to address its limited housing supply.
The community will offer 157 apartments available to residents meeting between 45 percent and 60 percent of the area median income, with 25 percent of the units designated for 40 formerly homeless families.
Property amenities will include a rooftop garden, community room with kitchen, workshop that will provide bike-maintenance training to youth from the property and the surrounding community, and a courtyard. In addition, the development will also feature retail space, work spaces for local artists and an affordable gallery.
Mission Housing Development Corp. and Lutheran Social Services will provide on-site supportive services funded by the Department of Homelessness and Supportive Housing. Mission Neighborhood Centers will also operate a Head Start & Early Head Start youth space.
David Baker Architects and Cervantes Design Associates Inc. designed the property, while Swinerton Builders served as general contractor.
Financing for the development was provided by the San Francisco Mayor’s Office of Housing and Community Development, Wells Fargo Bank, California Community Reinvestment Corp., California Debt Limit Allocation Committee, the California Climate Investment Program, Affordable Housing and Sustainable Communities Program through the Strategic Growth Council and the California Department of Housing and Community Development, BNY Mellon and California Tax Credit Allocation Committee.
The 1950 Mission St. site is a 36,398-square-foot property located in the heart of the Mission District between 15th and 16th Streets and a short walk from the 16th Mission BART station, according to the project’s website.