SAN FRANCISCO (CBS SF / BCN) – San Francisco city officials celebrated the groundbreaking Thursday for a future affordable residential complex in the South of Market neighborhood that will provide housing for 96 people emerging from homelessness.
The $ 52 million project at 53 Colton St. is expected to be completed in late 2022.
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“With projects like this at 53 Colton, we will recover from this pandemic and come back even stronger than before – by building affordable housing, creating good construction jobs and helping our most vulnerable residents,” Breed said. “To fuel our economic recovery and make San Francisco a more affordable place to live, we need to continue our efforts to create new homes and level out decades of substructure.”
“Delivering affordable new housing units online at 53 Colton to stabilize nearly 100 of our most vulnerable residents is critical to our city’s recovery from COVID and our homeless crisis,” said Matt Haney, supervisor for District 6, the District Supervisor Territory belongs. “Supportive housing is our best tool to end homelessness.”
Prospective residents of the Colton Street housing project will be referred through the city’s Department of Homelessness and Supportive Housing coordinated immigration program.
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The Colton Street Project is part of a larger mixed use development on 1629 Market Street known as the Plumbers Union Project.
In addition to the Colton Street complex, the Plumbers Union project will build a further 499 residential units in six buildings in a 2.2 hectare area overlooking Market Street and 12th, Brady and Colton Streets. When the project is complete, the project will also include a park, plaza and 11,000 square meters of retail space.
The project is privately and publicly funded and developed by the Strada Investment Group, the Community Housing Partnership, and the Plumbers and Pipefitters Union Local 38.
The project is part of Breed’s larger goal, the Homeless Recovery Plan, which aims to shelter around 6,000 homeless San Franciscans over the next two years.
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