100% Affordable Family Housing — Part of Potrero Yard Modernization Project!
RISING IN THE FACE OF A HOUSING CRISIS
MEDA was chosen to build affordable housing at PotreroYard in San Francisco. As the City looks to restore the obsolete 107-year-old Potrero Bus Yard with a state-of-the-art bus storage facility, the development will also call for up to 465 affordable homes for families. This represents a major step forward in our community’s activism and work to reverse displacement of low- and moderate-income residents from a gentrifying neighborhood.
VISION
Approximately half of the residential units, which will occupy seven floors above the bus facility, are planned for low-income families and single-occupant households earning 80% or below of the Area Median Income (AMI), building on the City’s affordable housing goal. The remaining units will be available to moderate-income housing for households earning between 80% and 120% of the AMI.
This goal is in alignment with the City of San Francisco’s Housing Element programs and initiatives to construct 82,000 new housing units by the year 2031. The Potrero Yard Modernization Project is the first known project of its kind in the United States to integrate a bus maintenance facility with affordable housing and commercial opportunities.
ABOUT THE PARTNERS
On November 21, 2022, the SFMTA Board of Directors approved awarding the Potrero Yard Modernization Project predevelopment agreement (PDA) to Potrero Neighborhood Collective, LLC (PNC) as the Lead Developer. The PNC team is led by its sole equity member, Plenary Americas US Holdings Inc., an investor and developer of public infrastructure with a long track record of delivering complex infrastructure projects across North America. PNC also includes San Francisco affordable housing developers: Mission Economic Development Agency (MEDA) and Tabernacle Community Development Corporation (TCDC).
As a Latino-led, Latino-focused organization, MEDA is excited by our Brown/Black partnership with Tabernacle Community Development Corporation.
