Current Projects
Our first home:
5250 3rd Street.
The Affordability Project's inaugural development sits in Bayview Hunters Point. Seventy percent of the 100-unit project will be below-market-rate rentals for nurses, teachers and other middle-income professionals and families.
5250 3rd · the model
Every dollar of proceeds builds the next BMR project.
The building earns income for the 501(c)(3), and that income compounds into the next acquisition. Our financing blends:
- Conventional debt
- Low- or zero-interest debt from social-impact funds at technology companies
- Low- or zero-interest debt and grants from housing funds
- Donations from high-net-worth individuals, foundations, and family charities
Project #2
5210 3rd Street, San Francisco.
- Ground up development
- Mixed use project with two retail spaces on the 3rd Street corridor
- Potential 60–80 middle income units
- Leverage equity from Project #1 to begin preconstruction design Q1 2027
- Planned project approval Q4 2027 and groundbreaking Q4 2028
Unit mix & schedule
100 homes, a deliberate mix.
units at 55–80% AMI
units at 110–130% AMI
at market rate
- Oct 2021
Planning submission
- Jun 2022
Planning Commission approval
- Jul 2025
Building permit secured
- 2027
Estimated construction begins
- 2029
Fully rented
Join the work
We can't do it alone.
Our goals are ambitious, and they depend on partners. Together we will identify San Franciscans who are eligible for our housing and bring candidates through a thoughtful vetting process.