SAN FRANCISCO, January 10, 2020—Co-developers BRIDGE Housing and Mission Housing Development Corporation joined Swinerton Builders and more than 170 construction team members today to celebrate the topping out of La Fénix at 1950 (formerly known as 1950 Mission).
This milestone marks the finishing of the topmost structure of the nine-story development, which is expected to be completed in Fall 2020.
The apartments at La Fénix at 1950 will be affordable to households with incomes between 45% and 60% Area Media Income, with 25% of the 157 total apartments set aside for 40 formerly homeless families; there will be two units for property managers.
Planned amenities for residents include a rooftop garden, a courtyard, a community room with kitchen, and a workshop operated by PODER that will provide bike-maintenance training to youth from the property and the surrounding community. On-site supportive services funded by the Department of Homelessness and Supportive Housing will be provided to residents by Mission Housing Development Corporation and Lutheran Social Services. Another partner, Mission Neighborhood Centers, will operate a new Head Start & Early Head Start youth space. Neighborhood-serving retail space will be available for local nonprofits and entrepreneurs, and affordable gallery and work spaces will cater to the Mission District artist community.
“It is incredibly exciting to reach this milestone. We’re proud to be part of the team that’s delivering affordable homes and community services to the Mission in support of the neighborhood’s vibrancy and diversity,” said Cynthia A. Parker, President and CEO of BRIDGE Housing.
“Watching something as important to this community rise out of the ground each day has been one of the proudest experiences of my life,” said Mission Housing Executive Director Sam Moss. “I want to thank the community and all of the laborers who came together over these last few years to put the work in and deliver what will truly be the center of the Mission District’s ability to take care of its people and ensure they prosper.”
“Swinerton is grateful for the partnership we have with this amazing group of developers, designers and subcontractors who have all contributed to us reaching this construction milestone. We look forward to completing the project and providing 100% affordable living to the San Francisco and Mission District communities,” said Shelby Joubert, Swinerton Senior Project Manager.
Financial partners include the San Francisco Mayor’s Office of Housing and Community Development, the California Climate Investment Program (funded through the Greenhouse Gas Reduction Fund) Affordable Housing and Sustainable Communities Program through the Strategic Growth Council and the California Department of Housing and Community Development, Wells Fargo Bank, N.A., BNY Mellon, California Community Reinvestment Corporation, California Tax Credit Allocation Committee, and California Debt Limit Allocation Committee.
The architects are David Baker Architects and Cervantes Design Associates, Inc., and the general contractor is Swinerton Builders.
ABOUT BRIDGE HOUSING
BRIDGE Housing Corporation, a leading nonprofit developer and owner of affordable housing, creates and manages a range of high-quality, affordable homes for working families and seniors. Since it was founded in 1983, BRIDGE has participated in the development of more than 17,000 homes.
ABOUT MISSION HOUSING DEVELOPMENT CORPORATION
Since 1971, Mission Housing Development Corporation has provided affordable housing options to residents of San Francisco. Now, Mission Housing is one of the largest nonprofit housing organizations in San Francisco, owning or managing 35 buildings. The organization currently serves some 3,000 residents in 1,600 units. 1,000 additional 100 percent affordable rental units are being developed.
Swinerton provides commercial construction and construction management services throughout the United States and is a 100% employee-owned company. Recognized nationally since 1888, Swinerton is the preferred builder and trusted partner in every market it serves—proudly leading with integrity, passion, and excellence.