Golden Gate Apartments is a family affordable housing development in San Francisco’s Japantown/Western Addition neighborhood. Originally developed in the mid-1970s under HUD’s Section 236 program, the residents were under threat of displacement when the building was set to convert to market-rate rents in the late 1990s. The San Francisco Redevelopment Agency negotiated a purchase from the owner, but the purchase required leveraging major tax-exempt debt
through a funding plan that had previously never been attempted and that required HUD approval. Chinatown CDC was selected by the residents and the Agency to be the developer. We worked with the Agency and HUD to solve the financing puzzle. We worked with the residents to devise a rehab and temporary relocation program that met their needs and helped prevent their displacement. Roofing, finishes, deck repairs, new cabinets and accessibility improvements were among the final building improvements.
Population: Families Square Footage: 75,000 Unit Type: 5 Studios, 13 one-bedrooms, 27 two-bedrooms, 17 three-bedrooms, 10 four-bedrooms Resident Services: Yes Waiting List: For current wait list information please contact the property at the phone number above.
Chinatown CDC Role: Developer, Owner, Manager Funding Sources: SF Redevelopment Agency, CTCAC, CDLAC, Bank of America Contractor: Transworld Construction Architect: Kodama Diseno Architects Construction Type: Rehabilitation Development Cost: $9,500,000