As Mayor Ed Lee praised the nonprofit developers responsible for the ground breaking earlier this month of the Rene Cazenave Apartments in San Francisco, the realization that the state’s redevelopment agency funding has gone away for projects like this became a little less painful to the affordable housing supporters in attendance.
The 120 affordable housing units coming from the new project are the product of co-developers Community Housing Partnership and BRIDGE Housing Corp., which together and individually have been active in getting affordable projects off the ground in the city. Though funding has been scarce in recent years, Lee said the surrounding Transbay Redevelopment Project plan, with the help of the Rene Cazenave project, will persevere, eventually providing 1,977 affordable units.