California + Bay Area + Apartments | March 20, 2023

Hunters Point Housing Development Receives $6M Grant

New York-based development and investment firm Jonathan Rose Companies and non-profit senior advocate Bayview Hunters Point Multipurpose Senior Services have been awarded a $5.9 million grant from California’s Department of Housing and Community Development. The grant will be used to develop the Hunters Point Shipyard project in San Francisco.

“We are committed to creating high-quality, affordable housing for everyone, especially as the need continues to rise in California and nationwide,” said Jonathan Rose Companies’ Sara White. “We are glad to receive this grant from the state and look forward to bringing San Francisco residents the affordable and sustainable development they deserve.”

Hunters Point Shipyard Blocks 52 and 54 is a 112-unit, multifamily project that will feature a community room and lounge, fitness room and a resident services office. The development’s design will also be low-carbon and energy and water efficient. The project is expected to break ground in May of 2023 with completion in June 2025.

Connect

Inside The Story

Jonathan Rose CompaniesBayview Senior ServicesCA Dept of Housing & Community DevelopmentHunters Point Shipyard Blocks 52 & 54

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

Order Reprints