Skip to main content

San Francisco to Spend $44M on Teacher Housing

Phil Hall
May 12, 2017

San Francisco has committed to spend $44 million to construct homes for its public school employees.
 
According to a San Francisco Examiner report, Mayor Ed Lee announced that the city will build 135 affordable units at the former Francis Scott Key Elementary School in the Outer Sunset section of the city. The housing units will be offered to 80 middle-income teachers and 55 public school paraprofessionals.
 
“We couldn’t afford to sit back and wait for solutions to slowly develop when it came to housing for our teachers,” the mayor said in an e-mail. “Our educators make up a key part of working class families in this city. We need to find solutions to keep them living in San Francisco.”
 
However, the mayor did not say when construction is expected to begin or conclude, nor have any plans been made to determine which public school employees will be eligible for housing consideration.

 
Published
May 12, 2017
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Wholesale
Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021