Community Real Estate

CRE units

Small Sites Units
RAD Units
New Construction
Total Units Preserved/Produced

WHO WE ARE AND WHAT WE DO

MEDA’s Community Real Estate (CRE) program was launched in summer 2014 as an urgent response to stem the displacement happening to low-income and working-class families in the Mission District. A detailed report showcasing the issue.

As the chart below indicates, those making under $75K household income can no longer afford housing in the Mission.

1355-02132015_Turn_Curve_chart_option-2_v1

MEDA’s CRE team will be pushing forward the Mission Action Plan 2020 (MAP 2020).

(Read front-page story in San Francisco Chronicle and blogs on our work.)

Community Real Estate creates sustainable community assets through real estate solutions.

MEDA’s CRE program develops real estate from site identification to asset management, with the Mission District in San Francisco as our primary geography. Preserving and producing real estate is our means to stabilizing and strengthening our community. In the development and asset management process, this program:

  • Establishes the vision for the Mission District.
  • Incorporates green and financially sustainable elements of long-term operations.
  • Integrates asset building programs into its properties to ensure pathways to family economic success.

”MEDA is often on the front lines of the neighborhood’s development battles.”
San Francisco Business Times

WHERE WE’RE GOING

By 2020, our goal is to develop 2,000 apartments and 200,000 square feet of commercial space that are at risk of losing affordability by that time. This includes preserving 400 apartments of large, multi-family buildings, preserving 320 apartments of existing Small Sites and Single Resident Occupancy (SRO) hotels, and producing 300 new apartments, as well as retail space through commercial hubs or mixed-use buildings. To make the above a reality, in the first four years MEDA expanded its Commercial Real Estate portfolio and strengthened existing development by:

  • Refinancing Plaza Adelante, our neighborhood center, as a model commercial nonprofit hub, thereby securing our long-term sustainability in the Mission.
  • Launching Small Sites Program to preserve 178 units off the private market.
  • Transitioning of 439 public housing apartments under the Rental Assistance Demonstration (RAD) program from the San Francisco Housing Authority.
  • Producing 542 units of new affordable housing in five buildings throughout the Mission.

Current plan to 2020

  • Expand pipeline for homes that address the displacement crisis and neighborhood loss by 2,000 homes.

  • Keep the Mission as an arts and cultural neighborhood by preserving or producing 200,000 square feet of community-based nonprofit and small business spaces.

  • Integrate MEDA’s financial asset-building resources into residential buildings, based on Mission Promise Neighborhood’s family success coach model.

STRATEGIES

Small Sites
Working with the Mayor’s Office of Housing and Community Development (MOHCD), San Francisco’s Small Sites program enables us to buy and preserve properties to keep longtime tenants in their homes of choice.

Portfolio to date:
Vivienda Adelante – 380 San Jose (4 units)
Vivienda Adelante – 642 Guerrero (4 units)
Vivienda Adelante – 344 Precita (4 units)
Vivienda Adelante – 3840 Folsom (4 units)
Vivienda Adelante – 1500 Cortland (4 units)
Vivienda Adelante – 3329 20th (10 units)
Vivienda Adelante – 3800 Mission (6 units)
Vivienda Adelante – 269 Richland (6 units)
Vivienda Adelante – 63 Lapidge (6 units)
Vivienda Adelante – 3198 24th (13 units)
Vivienda Adelante – 2217 Mission (9 units)
Vivienda Adelante – 1015 Shotwell (10 units)
Vivienda Adelante – 1411 Florida (6 units)
Vivienda Adelante – 19 Precita (3 units)
Vivienda Adelante – 35 Fair (4 units)
Vivienda Adelante – 305 San Carlos (13 units)
Vivienda Adelante – 3353 26th (11 units)
Vivienda Adelante – 60 28th (6 units)
Vivienda Adelante – 2093 Mission (16 units)
Vivienda Adelante – 65 Woodward (6 units)
Vivienda Adelante – 654 Capp (6 units)
Vivienda Adelante – 4830 Mission (27 units)

”You saved our home. We are eternally grateful. Thank you, MEDA!” 
Gigi Amos, Small Sites Program resident

Rental Assistance Demonstration (RAD)
The RAD federal program, via HUD, enables us to preserve and manage San Francisco Public Housing complexes that have deferred maintenance issues.

Portfolio to date:
Casa Adelante – 462 Duboce (42 units)
Casa Adelante – 25 Sanchez (90 units)
Casa Adelante – 1855 15th/Mission Dolores (91 units)
Casa Adelante – 3850 18th (107 units)
Casa Adelante – 255 Woodside (109 units)

”I feel blessed to be in my building. I am glad that MEDA is part of the RAD program!” 
John Britt, RAD program 

Affordable Housing: New Construction
We join with trusted community partners to leverage their expertise and produce affordable housing developments in the Mission.

Portfolio to date:
Casa Adelante – 1296 Shotwell senior affordable-housing development (94 units; estimated Q2 2020 move-in date)
Casa Adelante – 2060 Folsom affordable-housing development (127 units; estimated Q3 2020 move-in date)
Casa Adelante – 1990 Folsom affordable-housing development (143 units; estimated Q1 2021 move-in date)
Casa Adelante – 681 Florida (was 2070 Bryant) affordable-housing development (130 units; estimated Q2 2021 move-in date)
Casa Adelante – 2205 Mission affordable-housing development (48 units; estimated Q2 2022 move-in date; below-market-rate condos to be built on top of existing structure)

”We need low-income housing for older people like me.” 
Mission senior Clara Luz Quezada, 1296 Shotwell new construction 

Commercial Space
We strive to preserve affordable commercial space to keep community-serving legacy businesses, arts organizations and nonprofits in place with our small-business strategies and advocacy work, plus produce new space for budding entrepreneurs.

Mission Action Plan 2020 (MAP 2020)
Working with valued community members and partner organizations, a comprehensive action plan for neighborhood sustainability through housing and job strategies for Mission residents, at each income level, has been developed for 2020 and beyond.

TIMELINE

MEDA Community Real Estate Property Timeline

Click to view larger image.

Community Crisis Reactive

  • 1973: MEDA starts providing free asset-building services in the Mission District of San Francisco
  • December 2012: MEDA, as lead agency, wins MPN grant
  • Fall 2013: Our Mission No Eviction/Plaza 16 Coalition – participated in marches and protests & MEDA helps to form Plaza 16 Coalition
  • February 2014: MEDA awarded 400 RAD properties to launch CRE portfolio
  • March 2014: Housing town halls spearhead development of housing-stability plan
  • Late 2014 to Early 2015: Mission Promise Neighborhood housing report outlines trend lines in the Mission and what we need to achieve to stem the displacement

Community Crisis Proactive

  • August 2015: MEDA awarded the right to co-develop 2060 Folsom
  • November 2015: MEDA awarded the right to co-develop 1296 Shotwell (senior affordable housing)
  • December 2015: MEDA/MPN provided asset-building services to 6,800 clients in 2015
  • 2016: MEDA to start integration of financial asset-building services to residents
  • 2020: Goal to make MAP 2020 a reality

If you have questions about Community Real Estate or want to inquire if your building could be purchased under San Francisco’s Small Sites program, please contact us: (415) 282-3334 ext. 101; cre@medasf.org.