490 S Van Ness Ave., San Francisco, CA 94103
Low and Very Low Income Families, and Formerly Homeless Families
Number of Units
Applications now open. Visit Avanza490.org to apply!
490 South Van Ness, or Avanza 490, will be 81 units of housing for low to moderate income families, including formerly homeless families. This is the second complex being developed by the partnership of Mission Housing Development Corporation and BRIDGE Housing.
“We look forward to working with [Mission Housing and BRIDGE Housing] on this important new family development in the Mission,” said Teresa Yanga in a statement. Yanga is Director of Housing Research for the San Francisco Mayor’s Office of Housing and Community Development, also known as MOHCD.
Thirty-five of the units at 490 South Van Ness will be dedicated to housing residents of District 9, or people who live within a mile of the site. That’s because San Francisco passed a law in 2015 that establishes neighborhood preference. This law survived a recent challenge by federal housing authorities.
Mission Housing will lead a consortium of community partners, in order to provide on-site supportive services. Instituto Familiar de la Raza, will provide health and wellness programs and services for children, youth, adults, and families. People Organizing to Demand Environmental and Economic Rights, otherwise known as PODER, will organize 490 South Van Ness residents around social issues, and provide leadership training.
The site will have a transit-oriented design, with former parking space plans repurposed to incorporate more apartments, and community-serving ground-floor spaces. The San Francisco density bonus for fully affordable housing developments will allow the building to exceed the typical 68-foot height limit. Amenities are expected to be cultivated from extensive community outreach that will begin immediately.
The development, projected to cost around $45 million, is being financed by San Francisco housing bond dollars, federal low-income housing tax credits, and a combination of city, state, and private sources.
The original developer of the 490 South Van Ness complex finally obtained all the sign-offs needed to begin construction of market-rate housing, after a four-year struggle to get city approval. The city spent $18.5 million to acquire the “shovel-ready” project, because the original design was roundly criticized for adding only 12 units to the Mission District’s affordable housing stock.
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