Neighborhood Watch: Mayor Ed Lee Tours 1400 Mission
March 10, 2015|
On February 5, Mayor Ed Lee toured 1400 Mission, TNDC’s latest affordable housing project. When complete, 1400 Mission will be 190 below market rate (BMR) condominiums. These units will be available to qualifying San Francisco residents at a reduced cost through the San Francisco Mayor’s Office of Housing and Community Development Below Market Rate (“BMR”) Inclusionary Housing Program. 167 of the 190 units will be reserved for those making an average of 90% of the area median income (AMI). The other 20 units will be for those making 150% of AMI, and the remaining three will have a variable AMI.
This project will provide a small amount of relief to middle class and lower middle class residents who are being priced out of the city by astronomical rents. The project broke ground last winter and builder Swinerton is making considerable progress on this 15 story tower.