SAN FRANCISCO—AMCAL Multi-Housing is startingconstruction on 60 affordable family apartments at the SanFrancisco Shipyard development in southeast San Francisco. AMCAL isbuilding the affordable project in partnership withYoung Community Developers, a San Franciscononprofit that provides training and support for residents ofBayview Hunters Point.
AMCAL has contracted with Cahill GeneralContractors to construct the apartments. "AMCAL's 35 yearsof experience and proven expertise in the affordable housing sectorunderscore our own principles of delivering housing with quality,value and integrity," says Kofi Bonner, presidentof Lennar Urban. "With this project, we'll be ableto deliver affordable housing earlier than expected.''
The project will be affordable to households earning no morethan 50% of the San Francisco median income. The building isscheduled to be completed in 2016.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.