San Francisco co-op's $23m boost could unlock 2,400-home rebuild
San Francisco's Freedom West Homes housing cooperative has secured a $23 million city subsidy and private financing. The funds support a 10-acre redevelopment plan to build nearly 2,400 homes while allowing existing shareholders to retain ownership. This project aims to preserve affordable housing and honor the cooperative's historical roots following mid-20th-century urban displacement.
Why it matters
It demonstrates how cities and community land trusts can partner to combat displacement, preserve affordable housing, and redevelop aging urban neighborhoods.
A housing cooperative established to help Black and immigrant families remain in San Francisco after urban renewal displaced residents from the historic Fillmore neighbourhood is moving closer to a major redevelopment. Freedom West Homes has secured a $23 million city subsidy, alongside private financing, for its long-planned transformation into a residential district with nearly 2,400 homes. According to the San Francisco Chronicle and local news outlet SFist, the project is designed to replace ageing buildings while allowing longtime cooperative shareholders to retain their ownership stakes rather than being pushed out by redevelopment.The proposed redevelopment, known as Freedom West 2.0, covers a 10-acre site in San Francisco’s Western Addition. The revised plan calls for nearly 2,400 homes, of which 17% would be income-restricted. It also includes a new affordable senior housing building intended to accommodate current residents as the larger project advances in phases.
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