$8.4M loan for development at Third & Oakdale

SFHDC Press Release dated April 14, 2008

San Francisco Housing Development Corporation's (SFHDC) Green Blended Communities LLC was awarded a $8.46 million loan by the San Francisco Redevelopment Agency Commission to fund $11.5 million mixed-use affordable for-sale condo development in the Bayview. This Bayview Hunters Point development will consist of 18 affordable condo homes above 2,100 square feet of commercial space at the corner of Third Street and Oakdale Avenue and across the street from the newly-restored historic Bayview Opera House. Magic Johnson Starbucks and Marcus Books, the oldest independent black-owned bookstore in the nation, will be tenants
leasing the commercial spaces...

Conveniently located just steps from a MUNI-rail stop at Third Street and Oakdale Avenue, SFHDC's condominium units will introduce to the community 1 & 2 bedroom condos averaging between 630 to 1,000 square feet, and ranging in price from $141,000 to $225,000. The amenities of each home includes: 1) green-building features 2) open space with green courtyard area, 3) modern features and products built in quality building and, 5) reserved covered
parking.

Sustainability is a top priority for SFHDC; important green-building features will help ensure the health and well-being of BVHP residents and new homebuyers. Sustainability components include: photovoltaic cells to decrease electricity demands, natural through ventilation, landfill waste diversion, 50% construction waste diversion, water efficient landscaping, kitchen tiled in linoleum and bicycle storage.

For more information, please contact Regina Davis at 415-822-1022 or email her at Regina@sfhdc.org