1036 Mission Street
January 09, 2012|
TNDC acquired the site in 2007 with the help of an acquisition loan provided by the City of San Francisco’s Mayor’s Office of Housing and Community Development (MOHCD), with the objective of helping expand affordable housing opportunities in the South of Market neighborhood which has been experiencing rapid growth in both market rate housing and high-end commercial space. After the 2008 recession, TNDC was able to secure the final financing needed to make 1036 Mission a reality.
1036 Mission is a new construction project that will consist of 83 affordable residential rental units and a ground level commercial space for a community-serving retail use. All of the units will be made available to families and individuals earning no more than 50% of Area Median Income (AMI) and more than half of the units will be two- and three-bedrooms in order to target low-income families. Additionally, 40 of the units will be made available to homeless or at-risk families earning no more than 30% of area median income, with rental subsidies for those units provided by the City’s Local Operating Subsidy Program (LOSP).
The development will feature a large indoor community gathering/activity room with a teaching kitchen, a 2,000 sf outdoor courtyard, and a 1,300 sf rooftop terrace for community gardening activities. Though the project will not feature any car parking given its proximity to numerous public transit opportunities, the development will feature 84 indoor bicycle storage spaces for resident and staff use. The project will also feature a public art installation at the front entrance and west-facing elevation designed by local artist, Jim Campbell. The project will achieve GreenPoint Rated status, with energy-efficiency features that will include solar domestic hot water, a recycled and reclaimed water system, high-efficiency lighting, among others.
Population: 100% Low-income families earning no more than 50% area median income (AMI). 40 (48%) units are for homeless families earning no more than 30% AMI.
Unit Mix: 83 1, 2 & 3-BR (for 203 occupants)
Completion Date: 2018
Our Role: Developer, Owner, Property Manager
Financing Sources: MHP and TOD, 4% LIHTC from TCAC, TE Bonds from CDLAC
Location: 1036 Mission Street, San Francisco