SAN FRANCISCO—Last week, Mayor Edwin Lee attended the grand opening of the Rene Cazenave Apartments. At the event, he highlighted the City's process toward his housing goal of bringing 30,000 new and rehabilitated homes to the City by 2020.
At least one-third of those homes will be permanently affordable, he explained, and the majority within financial reach of the middle class. “In the first quarter of 2014, 2,123 housing units opened to provide new homes to families in San Francisco, with 24% of those units permanently affordable to low-income households,” he explained.
“We are making great progress toward our ambitious 2020 housing goals and our pledge to make San Francisco a City for the 100%,” said Mayor Lee. “With more than 2,000 homes completed for residents in the first quarter of 2014, we are well ahead of our annual goal of completing 5,000 units a year.”
He added that by continuing to prioritize housing projects such as the Rene Cazenave Apartments, “we are delivering on our pledge to help San Francisco families and residents from all levels of the economic spectrum call San Francisco home.”
In the first three months of 2014, 1,870 new housing units received occupancy permits from the Department of Building Inspection, with 205 of those units provided as permanently affordable units through our Inclusionary Housing Program, according to Mayor Lee. Another 253 affordable units—at 474 Natoma, 1075 LeConte, and in the Rene Cazenave Apartments—received completion permits just before the close of 2013, and opened their doors to welcome new residents in early 2014.
“A grand total of 2,123 housing units opened to provide new homes to families in San Francisco, with 24% of those units permanently affordable to low-income households…It is estimated that by May 2014, more new units will have been completed than arrived in all of 2013.”
Rene Cazenave Apartments opened 120 units of supportive housing in the Transbay Redevelopment Project to formerly homeless individuals. It was developed in cooperation between Community Housing Partnership and BRIDGE Housing. Funding was provided by the Office of Community Investment and Infrastructure, the successor to the San Francisco Redevelopment Agency. The Rene Cazenave Apartments are the first units and first affordable units completed under the TransBay Redevelopment Plan, which requires 35% of all units be affordable.
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