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REAL ESTATE
Outer Sunset Affordable Housing for Teachers Project Swamped With 900 Applications for Just 135 Units
The good news is that the highly anticipated affordable housing complex for SFUSD teachers is just a couple months from allowing its new tenants in. The bad news is that the vast majority of applicants won’t get a place, as applicants outnumber available units by about sixfold. SF’s first...
Sam Altman’s $27M ‘Batcave’ Mansion Turned Out to Be a Total ‘Lemon’: Lawsuit
On paper, Sam Altman’s $27 million mansion looks incredible. A four-sided infinity pool boasting views from downtown San Francisco to Alcatraz. An onsite wellness cottage. Even its own “Batcave” tunnel into the garage.But a lawsuit alleges that the OpenAI CEO was duped into buying a property that was actually “plagued by shoddy construction, corner cutting, and development efforts to save money, all which lead to pervasive defects in the building,” according to The San Francisco Standard.The lawsuit filed in San Francisco Superior Court on Friday names the plaintiff as 950 Lombard LLC, which purchased the house in the city’s upscale...
Former Chairwoman Of The Black Panther Party Led Efforts That Raised $80M To Open An Affordable Clean Energy Apartment Building In Oakland, CA
A former Black Panther Party leader is behind a new affordable housing project. According to NBC Bay Area, Elaine Brown, a former chairwoman of the Black Panther Party, led efforts to raise $80 million to open a 79-unit apartment complex in Oakland, CA. It took close to 10 years for the project to acquire its… Continue reading Former Chairwoman Of The Black Panther Party Led Efforts That Raised $80M To Open An Affordable Clean Energy Apartment Building In Oakland, CA
San Francisco supervisors initially approve 3,500 new homes at Stonestown Galleria
Atop 30 acres of parking at San Francisco's Stonestown Galleria mall may soon come 3,500 new homes, acres of open space and other community services.In a first reading of legislation by San Francisco Mayor London Breed and Supervisor Myrna Melgar, the San Francisco Board of Supervisors on Tuesday gave initial approval to a plan to redevelop acres of parking at the mall into housing, senior services, child care and park space, according to a statement from the mayor's office.Supervisors will vote on whether to give final approval to the project—located in the southwest part of the city near San Francisco...
Apple Invests $50 Million to Address Bay Area Housing Crisis Through Innovative Fund
In a move to combat the escalating housing crisis in the Bay Area, Apple has unveiled a partnership with several philanthropic entities to create the Bay Area Housing Innovation Fund, a project notably backed with a substantial $50 million investment. Apple announced that this collaboration with the San Francisco Housing Accelerator Fund, Sobrato Philanthropies, and Destination: Home aims to forge ahead in affordable housing development through offering favorable loans which should streamline the creation of over 400 new housing units in the next couple of years, and Mercy Housing is set to break ground next week on the fund's first project, delivering 145 units of supportive housing in San Francisco's Mission District.
Laurene Powell Jobs buys 17,300-square-foot San Francisco mansion for $70 million
Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs, acquired a sprawling mansion in San Francisco’s Billionaires Row. The historic 17,300-square-foot estate reportedly cost $70 million, setting a new record for the most expensive home purchase in San Francisco. Powell Jobs is known for her leadership of the Emerson Collective, her founding of the Steve Jobs Archive, and her acquisition of The Atlantic magazine.
Sonoma County supervisors place Bay Area affordable housing bond on the November ballot
Come November, Sonoma County voters will weigh in on a proposed Bay Area-wide property tax hike to raise money for affordable housing construction. The measure, known as Bay Area Housing for All, could unlock $20 billion from annual surcharges on property tax bills to spur construction of up to 119,000 affordable homes regionwide over 10-plus years. It will appear on the ballot in all nine Bay ...
Learn what new state housing laws mean for Piedmont
A controversial housing project on Wistaria Way has recently focused attention on state housing law SB 9 — a relatively new law that allows owners of properties with single-family homes anywhere in the state to sell or split off part of their lot, and permits each lot to include up to two units, including duplexes.
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