San Francisco to Spend $44M on Teacher Housing – NMP Skip to main content

San Francisco to Spend $44M on Teacher Housing

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.

 
About the author
Published
May 12, 2017
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026