Mayor’s Office of Housing and Community Development 

• Started construction on 1,042 units of affordable housing, with an investment of $378 million in local funds leveraging more than $700 million in other funds.

• Closed $21.1 million in predevelopment loans for the production of 784 affordable units.

• Provided $115 million in preservation loans, which will stabilize 227 households in their current homes.

• Provided $31.2 million in gap funding for 636 units in troubled projects.

• Invested $10.9 million in HOPE SF projects.

Office of Community Investment & Infrastructure

• Began construction on 662 units of affordable housing, with 148 units of affordable for-sale housing completed in 2024.

• Approved $137.8 million in predevelopment and construction loans toward the development of 671 affordable units in Mission Bay South, Transbay, and Hunters Point Shipyard Phase 1. 

• Approved $324.4 million in predevelopment and construction loans toward the development of 1,058 affordable units in Mission Bay South, Transbay, and Hunters Point Shipyard Phase 1

• Began predevelopment on 396 affordable units in Mission Bay, including 233 units that will represent OCII’s first units funded under SB 593 Replacement Housing legislation.

Treasure Island Development Authority

• Completed 105-unit Maceo May Apartment project in early 2023 and achieved full occupancy. Maceo May provides supportive housing for formerly homeless and low-income veterans. 

• Constructed 138-unit Star View Court project for occupancy in May 2024, the second 100% affordable housing site on Treasure Island.

• Received Vertical Development Approval for the DPH Behavioral Health Building, which includes a minimum of 240 residential step-down beds. 

• Started predevelopment work and design for two new 100% affordable building projects including a 120-unit Senior Housing building and 150-units on parcel IC4.3.