A new affordable senior housing project in San Francisco, 1633 Valencia, was completed in record time and at half the typical cost. - 145 studio apartments for seniors aged 55+ who were formerly homeless.
- Rents set for households earning 30% to 60% of area median income. - Private financing and flexible partnerships cut costs and construction time.
- On-site case management provided by the Felton Institute. The project demonstrates that innovative funding models can dramatically reduce costs and speed up development for affordable housing.