A Big Apartment Building Just for Teachers is Opening in the Mission!
A big ol’ buildin’, just for teachers has finally got approval AND funding in the Mission District.
The nonprofit Mission Economic Development Agency (MEDA) secured the $12 million it needed to build some 63 affordable educator condominiums at the 2205 Mission St. site. That funding came through the Mayor’s Office of Housing and Community Development.
Using 2019’s voter-approved funding, and a loan from NeighborWorks Capital for soft funding. MEDA will begin construction on the 9-story building that is (roughly) planned to be completed and filled up with SF schoolmasters by 2025!
It’s been a long journey, 2205 Mission Street was originally priced for 100% luxury housing and would have become another expensive development for rich people, pricing out most of the city’s workforce. Instead, MEDA put on its cape, flew in, and was able to purchase the building and secure a really great corner of Mission Street for people who serve our community.
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San Francisco has set aside millions of dollars each year for “social housing”, which is permanently affordable housing that is owned or managed by government agencies, community organizations, or residents. MEDA is one of two developers awarded a total of $32 million to build housing for teachers including early childhood care staff, public school, and community college teachers.
What does ‘affordable housing’ cost for a San Franciscan, you ask? Sometimes it feels like you need a degree in both acronyms and finance to understand the systems that determine what is affordable and who qualifies, but if you or someone you love is a San Francisco-based early childhood care staff member, or is a public school or community college teacher, they can contact MEDA for more information on qualifying.
‘AMI’ or ‘Area Median Income’ level determines whether you can apply for income-based services. The city compares your income to other San Franciscans by using AMI. 100% AMI is the middle number when looking at a list of all San Francisco incomes. AMI also depends on household size. For more about your AMI visit sf.gov.
SFUSD has a turnover rate of about 10% each year, a huge part of that is the city’s cost of living, and rent is the biggest cost. Thankfully, developers have also broke ground on an even BIGGER apartment building for teachers in the Outer Sunset, with the 134-unit “Shirley Chisholm Village” teacher development to be completed during the 2024 school year.
San Francisco is notoriously slow in housing development…the bureaucracy, red tape, and costs here are legendary. Chronicle Journalist (and soon-to-be New York Times San Francisco Bureau Chief) Heather Knight reported on the Shiley Chisholm Village in a piece called S.F. and Daly City embarked on teacher housing projects at the same time. Guess which one has opened?
(Hint it definitely was not the SF project).
The new teacher housing development in the Mission is slated to begin construction in Q4 of 2023, which is great news. Congrats to MEDA and to the teachers who will soon be able to afford to live in the city they are vital to.