Mayor Ed Lee hailed the Phase 1 implementation of a large rehabilitation plan for the city’s public housing, which will leverage about $700 million (in investor equity and other sources) to fuel the rehabbing of up to 4,584 public housing units through the Rental Assistance Demonstration program of the U.S. Department of Housing and Urban Development.
Lee has pledged to develop or rehab 30,000 housing units in the city, at least one-third of which will be permanently affordable to low- and moderate-income families and the majority affordable for middle-income residents.
“Public housing is a key part of San Francisco’s affordable housing stock,” said London Breed, president of the Board of Supervisors. She said the Rental Assistance Demonstration program is “helping us make these homes livable and safe, protecting some of our most vulnerable residents. We’re rehabilitating existing offline units, repairing elevators, getting rid of pests, and installing security cameras and lighting.”