Affordable housing program buys Richmond District building

By : sfexaminer – excerpt

A San Francisco city program that buys and preserves rent-controlled housing for tenants celebrated its first purchase Tuesday in the Richmond District and more than 100 purchases citywide since its start in 2014.

The three-story, five unit building at 4042 Fulton St. was acquired this month by the Community Land Trust with help from The City’s Small Sites Program, which provides funds for nonprofits to purchase and manage properties where long-term tenants are at risk of displacement…(more)

This is good news. We need to preserve what we have because it is the most affordable housing we will ever have.

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