![\"2901](\"https:\/\/sfyimby.com\/wp-content\/uploads\/2024\/05\/2901-16th-Street-image-via-Google-Satellite-777x426.jpg\")
2901 16th Street, image via Google Satellite<\/p>\n\n\n\n2901 16th Street, image via Google Satellite<\/p>\n\n\n\n
BY: ANDREW NELSON<\/a><\/strong> 5:30 AM ON MAY 28, 2024<\/p>\n\n\n\n Preliminary plans have been filed for the conversion of an existing apartment complex at 2901-2929 16th Street in San Francisco\u2019s<\/a> Mission District<\/a> to be converted into affordable housing. The application comes as local nonprofit Mission Economic Development Agency<\/a> is in the process of acquiring the site.<\/p>\n\n\n\n In the project application, MEDA writes that the organization hopes to purchase the site \u201cwith the purpose of developing 100% affordable housing, aligning with the guidelines outlined in the MOHCD<\/a> Affordable Housing Guide. The acquisition of this building will be financially supported through a permanent arrangement with the city.\u201d<\/p>\n\n\n\n The Planning Department states the four-story structure contains 73 dwelling units and 152 rooms. The General Plan Referral application estimates that redevelopment will result in 62 dwelling units catered to a range of income levels, from households earning between 30% and 60% all the way up to 100% of the Area\u2019s Median Income. One market-rate unit will be added for an on-site manager.<\/p>\n\n\n\n 2901 16th Street, image via Google Street View circa 2019 while construction was underway for Avanza 490<\/p>\n\n\n\n The complex is located at the corner of 16th Street and South Van Ness Avenue, just one block from the 16th Street BART Station and two blocks from the restaurant-lined Valencia Street. Across the street is Avanza 490, a 2021-opened affordable housing complex designed by Ankrom Moisan Architects and developed by BRIDGE Housing<\/a> and the Mission Housing Development Corporation<\/a>.<\/p>\n\n\n\n Landmark Realty is listed as the property owner operating through 16th\/Taylor Apts LLC. According to the project website, Landmark is currently offering studios and one-bedrooms renting for $2,625 to $2,850 per month on the site, dubbed Sonoma Suites Apartment Homes.<\/p>\n\n\n\n City records show the 0.34-acre property was built in 1914. The estimated cost and timeline for the transition to affordable housing are not specified. The project team has yet to reply to a request for comment from YIMBY.<\/p>\n\n\n\n Subscribe<\/strong><\/a> to YIMBY\u2019s daily e-mail Source: https:\/\/sfyimby.com\/2024\/05\/affordable-housing-non-profit-plans-acquisition-of-2901-16th-street-in-mission-district.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 2901 16th Street, image via Google Satellite BY: ANDREW NELSON 5:30 AM ON MAY 28, 2024 Preliminary plans have been filed for the conversion of an existing apartment complex at 2901-2929 16th Street in San Francisco\u2019s Mission District to be converted into affordable housing. The application comes as local nonprofit Mission Economic Development Agency is in the process… Continue reading ![\"2901](\"https:\/\/sfyimby.com\/wp-content\/uploads\/2024\/05\/2901-16th-Street-image-via-Google-Street-View-circa-2019.jpg\")
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