Jamboree Housing Corporation to Construct 1296 Shotwell Apartments in the City of San Francisco through $30,000,000 Low-cost Financing Secured Through the CMFA
Median Income. The project will be on a site currently owned by the City and County of San Francisco, and will involve the developers leasing the land from the Mayor’s Office of Housing and Community Development. 1296 Shotwell Street will invigorate the end of Shotwell Street
This project meets critical needs in San Francisco, as all 94 units, except the manager’s unit, will be dedicated to seniors earning less than 50% of the Area Median Income. Additionally, 19 of these units will be allocated to formerly homeless seniors earning less than 30% of the Area Median Income. In addition, there will be on-site health workshops and off-site group services for patients with mild-moderate level need, particularly for chronic care. The services team will also refer residents to off-site programs, such as Mission Neighborhood Centers, Inc. for health and social services. This financing will provide 93 units of affordable housing in the City of San Francisco for the next 55 years.