The progress in developing reasonably priced housing for educators in San Francisco is becoming more visible after encountering numerous challenges.
Mayor Breed’s housing for All Plan (Photo: Action Network)
Mayor London’s Two Projects
In response to a shortage of teachers and affordable housing, Mayor London Breed announced on Tuesday her plans to provide over 135 new affordable homes to instructors, teacher’s assistants, and early childhood educators who work for the San Francisco Unified School District and San Francisco Community College District.
Two esteemed nonprofit agencies, MidPen Housing Corporation and Mission Economic Development Agency, have successfully obtained $32 million in funding to develop two housing projects that will provide affordable housing solutions for educators, other school employees, and their families.
The first project will feature rental housing at 570 Golden Gate Ave, with rent prices ranging from 40% to 80% of the area’s median income. The second project will offer below-market-rate homes at 2205 Mission St, with prices ranging from 80% to 140% of the area’s median income. These much-needed housing options will undoubtedly provide a better quality of life for individual educators and families struggling to find affordable housing in the area.
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Plans are in motion to start building residential units for teachers in the year 2024. It is projected that the completion of these accommodations will come to fruition by the end of 2026, allowing for occupancy by prospective residents.
Mayor London Breed has put forth a comprehensive Housing for All plan that encompasses several initiatives aimed at meeting California’s mandate for San Francisco to build 82,000 new homes within the next eight years.
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