San Francisco city leaders marked the completion this week of an affordable housing complex for families in the Haight neighborhood that was nearly a decade in the making.
The complex at 730 Stanyan St. has 160 units for families with low to moderate incomes, based on the city’s adjusted median income of about $162,000 for a family of four.
The property was a former McDonald’s and was purchased by the city in 2018. Construction on the $153 million project began in 2023.
Nonprofit developers the Tenderloin Neighborhood Development Corporation and Chinatown Community Development Center used the state’s density bonus law to build the eight-story building above the neighborhood’s 50-foot height limit, according to the Mayor’s Office.
The complex will also include commercial space and community rooms on the ground floor, expanding the nearby Haight Street retail corridor, the Mayor’s Office said.
It was funded by a general obligation bond approved by local voters in 2019 and an $83 million contribution from Bank of America.
Jennifer Dolin, CEO of the Tenderloin Neighborhood Development Corporation, said the building will give families a chance to gain a sense of home again in San Francisco.
“730 Stanyan reflects the kind of city we all want to live in — one where families can put down roots, young people can begin adulthood with stability, and people who have experienced homelessness have the opportunity to rebuild their lives,” Dolin said in a statement released by her office.
Home for the arts community
Meanwhile, the city broke ground on another project that will provide 94 affordable units for artists. The complex at 1687 Market St. is designed to house people in the arts, including “artists, arts workers, arts administrators, production-related arts and entertainment workers, and their families,” according to a statement from Mayor Daniel Lurie’s office.
Lurie attended a groundbreaking ceremony at the site Tuesday and said the housing complex would bring new life to Market Street.
“Our city is stronger and more creative when the people who fuel our arts and culture are able to live in the city where they work,” Lurie said in a statement. “With this groundbreaking at 1687 Market Street, San Francisco is sending a clear message to our arts community: we want you here.”
The property was the site of the historic McRoskey Mattress Company building, which was built in 1925 and was demolished to make way for the 17-story artists’ hub, according to its developer, Mercy Housing.
The complex is slated to open in 2028 and will include a landscaped rooftop, performance and rehearsal space, and an 88-seat theater.
The $140 million project was funded largely by an unnamed private $100 million donation, according to the Mayor’s Office.