Hundreds of housing units coming to SF’s Transbay Block 8

San Francisco’s latest housing development for the Transbay area cleared a hurdle Tuesday.

The Board of Supervisors unanimously approved a financing plan from the Mayor’s Office of Housing for the construction of 430 units, developed by Related California and Tenderloin Neighborhood Development Corporation, which won a request for proposal.

Funding for the developments includes $263 million in qualified mortgage revenue indebtedness for 450 Folsom St. and $19 million for the portion of the project located at 250 Fremont St. through the Mayor’s Office of Housing, both within blocks of the new Transbay Transit Center.

Related California will construct a 55-story story, 350 rental unit building at 450 Folsom St., including 279 units of market-rate apartments and 71 affordable rental units, and Tenderloin Neighborhood Development Corporation will construct 80 affordable rental units at 250 Fremont St., under an agreement with the Office of Community Investment and Infrastructure, which oversees the Transbay redevelopment area.

The project also includes an additional 116 market rate condominiums, also in the 55 story building.Politics

Just Posted

Dominion Voting Systems, a Denver-based vendor, is under contract to supply voting machines for elections in San Francisco. (Kevin N. Hume/Examiner file)
Is San Francisco’s elections director impeding voting machine progress?

Open source technology could break up existing monopoly

The 49ers take on the Packers in Week 3 of the NFL season, before heading into a tough stretch of divisional opponents. (Courtesy San Francisco 49ers)
‘Good for Ball’ or ‘Bad for Ball’ — A Niners analysis

By Mychael Urban Special to The Examiner What’s the first thing that… Continue reading

Health experts praised Salesforce for keeping its Dreamforce conference at Moscone Center outdoors and on a small scale. (Kevin N. Hume/The Examiner)
Happy birthday, Marc Benioff. Your company did the right thing

Salesforce kept Dreamforce small, which made all kinds of sense

Former San Francisco Mayor Willie Brown, pictured with Rose Pak in 2014, says the late Chinatown activist was “helping to guide the community away from the divisions, politically.”
Willie and Rose: How an alliance for the ages shaped SF

How the Mayor and Chinatown activist shaped San Francisco, then and now

The Grove in Golden Gate Park is maintained largely by those who remember San Francisco’s 20,000 AIDS victims.<ins> (Open Eye Pictures/New York Times)</ins>
Looking at COVID through the SF prism of AIDS

AIDS took 40 years to claim 700,000 lives. COVID surpassed that number in 21 months

Most Read