Alexander Residence

230 Eddy Street

SAN FRANCISCO, CA 94102

Subsidized, Low-Rent Apartment For Elderly

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Contact information

Property phone: (415) 441-0260

Contact phone: (415) 441-0260

Website: http://www.tndc.org/

Housing details

Property type: Subsidized, Low-Rent Apartment

Population served: Elderly

Bedrooms available: 132 Studio Units, 46 One Bedroom Units

Total units: 178

Subsidized units: 178

Details: Affordable housing at the Alexander Residence, which has operated as a HUD-insured Section 8 senior building for over 25 years, was put at risk when the prior owners were given the right to pre-pay their mortgage and opt-out of the Section 8 program. In December 2000, TNDC, in partnership with the San Francisco Redevelopment Agency (SFRA), purchased the Alexander Residence to prevent the displacement of the building’s tenants and insure long-term affordability. SFRA owns the land, while TNDC owns the building and leases the land from SFRA. Continued affordability will now be guaranteed for 99 years. The renovation of the building, financed by SFRA (a commercial loan) and Low Income Housing Tax Credits, included system upgrades, fire and life safety improvements, accessibility upgrades, and quality of life improvements. It was completed in 2004. 18 units are designated for Housing Opportunities for People with AIDs (HOPWA) eligible tenants. The project also created a new commercial space and a new multi-purpose room for tenant use.

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PRESENTATION SENIOR COMMUNITY

SAN FRANCISCO, CA 94102

Phone: (415) 921-2390
Property type: Subsidized, Low-Rent Apartment
Serves: Elderly

Presentation Senior Community has been recognized as a model approach to providing affordable housing for low-income seniors. The property was built o...

Directory listing - not recently verified

Availability not confirmed. Contact property to confirm.