AMCAL Multi-Housing and Bayview based Young Community Developers, Inc. (YCD) recently broke ground on a 60-unit affordable housing development at the San Francisco shipyard.
The partnership brings together one of California’s leading builders of workforce and affordable housing projects and a Bayview-based a 40-year old organization, which trains local residents for jobs.
The ground breaking on December 10 brought out San Francisco Mayor Edwin Lee and other community leaders. The complex, due to be completed in 2016, will be available to households earning no more than 50 percent of the San Francisco median income.
The complex will include one- to three-bedroom units as part of the inclusionary affordable housing in Lennar Urban’s first phase of the Shipyard development. With financing assistance by Bank of America, the project is being developed in cooperation with the San Francisco Office of Community Investment and Infrastructure.
“Young Community Developers is excited to be a partner in the construction of the first affordable housing units available to the community,” said Shamman Walton, YCD executive director.
Percival Vaz, CEO of AMCAL, said his company has done projects in 30 cities throughout California and four in the Bay Area. “This is our 57th ground breaking in the housing world, and our very first in San Francisco, we are proud to partner with Lennar and contribute to the Hunter’s Point community,” said Vaz.