[2024] Affordable Multifamily Rental Projects in San Francisco

Here, we dig into affordable multi-family rental projects in San Francisco, California.

San Francisco — more broadly, the Bay Area too — has long been one of the most expensive housing markets not only in the United States, but also in the world at large. Because of San Francisco’s high cost of living, it makes sense, then, to look into the city’s planned affordable housing construction projects. In doing so, we’re not only highlighting future, cheaper housing options for everyday people, but we’re also engaging a specific construction and property type with a similarly specific need for certain FF&E materials, building materials, maintenance, and numerous other services, both during construction and afterward.

Check out our Top Multifamily Developers, Architects, and Contractors.

MultiFamilyData from BuildCentral is tracking over 18,000 affordable multi-family rental units in development in San Francisco, California.

Who are the top affordable multifamily developers in San Francisco, California?

160 Freelon Street Affordable Family Housing

160 Freelon affordable

Rendering courtesy of 160 Freelon

Construction Type: New # of Units: 50-100
Project Type: For Rent
Estimated Value: $10 million
Sector: Private Product Type: Affordable
Location: San FranciscoCA 94107. 160 Freelon St
Details: Plans call for an affordable family housing development with one-, two-, and three-bedroom units. This will be the residential component of the 598 Brannan Street project.
Stage: Groundbreaking
Construction Start: 6/2023
Construction End: Q2/2024

Who are the top affordable multifamily architects in San Francisco, California?

Laurel Heights Campus Housing Redevelopment

laurel heights campus housing

Image courtesy of UCSF

Construction Type: New # of Units: 744
Project Type: For Rent Building Type: Mid-rise (4-11)
Estimated Value: $49 million # of Buildings: 10+
Sector: Private Product Type: Affordable, Senior (Independent – Affordable)
Location: San FranciscoCA 94118. 3333 California Street
Details: Plans call for the redevelopment of University of California San Francisco’s Laurel Heights campus into 1,428,000 square feet across 14 total buildings, twelve of which will be new additions. 978,000 square feet will be for residential use, 35,000 square feet for commercial retail, 14,600 square feet for a child care facility with capacity for 175 kids, and 400,000 square feet for parking 754 automobiles. Addition space will be included for parking 839 bicycles. Previous plans for 49,999 square feet of office floorspace have been scrapped.
Stage: Planning

Who are the top affordable multifamily contractors in San Francisco, California?

India Basin Mixed-Use

India Basin

Rendering of the India Basin redevelopment courtesy of BUILD.

Construction Type: New # of Units: > 350
Project Type: For Sale, For Rent Building Type: Mid-rise (4-11)
Estimated Value: $600 million # of Buildings:
Sector: Private Product Type: Market Rate, Affordable
Location: San FranciscoCA 94124. 700 Innes Avenue
Details: Plans call for the construction of a large mixed-use development on 29 acres on India Basin consisting of 1,575 apartments and townhomes (394 affordable), 209,000 square feet of commercial space, and a 5.62 acre park along the shoreline.
Stage: Planning

See also: Affordable multi-family rental projects in Chicago

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