990 Polk Street will create110 new units of green affordable senior housing, with 50 unit set aside for formerly homeless seniors.
It is considered a prime example of environmentally sustainable design along with providing services-rich supportive housing, and it won the national Readers' Choice Awards for Affordable Housing Finance Magazine in 2009.
Enterprise provided $20 million of equity and an Enterprise Green Communities grant to the project.
Hunters View is the first public housing project that will be revitalized under the City of San Francisco’s HOPE SF program.
Hunters View has 267 existing public housing units in 50 two- to three-story buildings on 22 acres in San Francisco's Bayview Hunters Point neighborhood.
The developer team of The John Stewart Company, Devine & Gong, and Ridge Point has begun construction on the phase 1 units, and Enterprise is providing $28 million in equity for the project.
This is a multi-year, multi-phase effort to replaced all the public housing units one-for-one and to build new affordable rental and market rate homeownership units as well in a thriving mixed-income community, while focusing on resident services, community building, economic and workforce development, education and health.
Enterprise is leading a Campaign for HOPE SF to raise funds for Hunters View and the four other HOPE SF sites across the City of San Francisco.