There is a real concerted effort in San Francisco to stabilize housing and keep people from getting displaced. For example, nonprofits are buying properties and revitalizing them with the purpose of keeping them permanently affordable.
Not a single resident of a 97-unit building in San Francisco’s Western Addition neighborhood was permanently relocated, even though it was completely rehabilitated.
Here’s how it works. Public housing units, once owned by the federal government, are purchased by a non-profit which agrees to renovate them using city and private funds. By extending the life of the building, they are getting more from their investment.
The owner of the property at 1750 McAllister is the non-profit Community Housing Partnership which now owns and, or manages, 17 buildings throughout the city including Treasure Island.
“We now own it, manage it and provide service to the 97 resident who live here,” said Gail Gilman, CEO of Community Housing Partnership.