Another Small Site Success!

12 04 2016

WP_20160412_019Down a little back alley in SoMa, there’s now one more permanently affordable apartment building, thanks to the Small Sites Acquisition Program and two CCHO members, San Francisco Community Land Trust and South of Market Community Action Netwok.

Using funds from the Small Sites Program, which CCHO helped establish, the two organizations were able to purchase a 5-unit building at 568 Natoma Street.  Until the purchase, the tenants of 568 Natoma – a rent-controlled building housing lower-income Filipino families, seniors, and first responders – were facing possible eviction.  A previous potential buyer got so far as offering the tenants “buy-outs,” which they refused.

Places like this are where the affordable housing crisis is hitting hardest –in nondescript small buildings in everyday neighborhoods, where average San Franciscans are struggling to keep their housing.  As this situation makes clear, the affordability crisis is not just about building new housing, but about helping people keep their existing housing, preserving the affordability we already have and making it permanent.

The Small Sites program is a means to do just that – stabilize tenants at risk of eviction and take existing buildings off the speculation market to make them permanently affordable.  With this latest purchase, the program is now up to twelve buildings successfully purchased.

Twelve many not seem like a big number and 568 Natoma may seem like one small building, but transforming these units into permanently affordable housing has a big social impact.  We have the policy in place to do this for many more buildings and many more residents – we now just need a significant increase in funding to the Small Sites Program to allow it to realize its full impact.

 

Check out photos from this morning’s press event about the purchase, hosted by Supervisor Jane Kim, The SoMa Stabilization Fund, SOMCAN, and SFCLT:WP_20160412_017WP_20160412_013 WP_20160412_011WP_20160412_020 WP_20160412_021


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