A three-phase programme on 1.3 acres
The site at 1979 Mission Street covers 1.3 acres, or 57,325 square feet, bound by Mission Street, Capp Street and 16th Street. Mission Housing Development Corporation and the Mission Economic Development Agency co-develop the 382-home programme.
The first building rises at 2970 16th Street. It carries 136 permanent supportive homes across nine storeys, with a 1,500-square-foot Behavioral Health Services Center, resident case management offices, indoor and outdoor common space and a secure landscaped courtyard, per the MOHCD release of 23 April 2026. Phases two and three add 134 and 112 family apartments.
All units lease through San Francisco's Coordinated Entry system, per the same release.
The delivery vehicle
MEDA and Mission Housing were selected to develop, own and operate the housing and associated improvements through an MOHCD Request for Qualifications. The April 2026 release dates the selection to December 2023, and Mission Housing's post of December 2025 dates the solicitation to August 2023. John Stewart Company and Lutheran Social Services joined on the same selection.
The people running it
The April 2026 release carries statements from Jose Garcia, MEDA's chief real estate officer, Daniel Adams, director of the Mayor's Office of Housing and Community Development, and Mission Housing's executive team, Sam Moss and Marcia Contreras. Ana Herrera, a District 9 legislative aide, spoke for the supervisor's office.
The release places the site near the southwest corner of 16th Street, Mission Street and Capp Street, and describes it as previously occupied by a vacant commercial building and an unutilised surface parking lot.
The build team
A joint venture of Cahill and Guzman Construction Group holds the general contract. The release describes both firms as certified local minority-owned contractors. Herman Coliver Locus Architecture and Mithun Design share the architecture and produced the filings for the later two buildings.
The $110.8 million first building
MOHCD puts the phase one cost at $110.8 million. A $61 million MOHCD loan anchors the package, alongside tax-exempt bonds and a long-term tax-exempt ground lease, per Mission Housing's post of December 2025.
Five Star Bank will invest $10 million in tax-credit equity. Western Alliance Bank provides about $77.9 million in construction financing and tax-credit equity, and describes itself as senior lender and significant equity partner. Merritt Community Capital Corporation invests alongside both, and the California Department of Housing and Community Development appears in the MOHCD release as a public funding partner.
The release carries the funders' own statements. Ari Beliak, Merritt's president and chief executive, tied the investment to long-term stability and opportunity for residents. Mieke Holkeboer, Western Alliance's director of affordable housing finance, confirmed the senior lender and equity partner role. DJ Kurtze, Five Star Bank's executive vice president and San Francisco Bay Area president, tied the investment to the bank's community strategy.
The two buildings still to price
Phase two files 16 floors at 149 feet, about 182,010 square feet, 134 apartments and 1,540 square feet of retail, with parking for 74 bicycles. Phase three files nine floors at 84 feet, about 139,120 square feet, 112 apartments and parking for 62 bicycles. The two floorplates form around a shared courtyard.
YIMBY reported the November 2025 filing put the next phase's construction start as early as July 2027 and its cost at approximately $208 million, a figure that excludes some development costs. No construction financing for either building appears on the public record.
What the record supports
Phase one closed on four instruments behind one city loan. The next two buildings carry a filed price and a filed start date and no lender. MOHCD dates completion of the first building to late 2027 and full occupancy to mid-2028.