Apr 14, 2014 0 Comments in Tour by
Last week, SFHAC members took a guided tour of the newly completed 474 Natoma Street Apartments. The 100 percent affordable project is comprised of 60 rental homes for residents earning between 40 and 60 percent of the Area-Median-Income (AMI). Our group was fortunate to have the project’s developer, Smitha Seshadri of BRIDGE Housing, and the architects, Mimi Sullivan of Saida + Sullivan Design Partners and Richard Stacy of Leddy Maytum Stacy Architects, walk us through a presentation on the development’s history and guide us through the building.
BRIDGE Housing won the RFP in 2007. Initially, it was intended to be a for-sale development, but the project could not receive adequate financing when the downturn hit. Coming out of the recession in 2010, the project switched over and was approved as rentals. But the journey was not over.

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The site began as a vacant lot surrounded by barbed wire fences. When planning the development, the goal was to create a well-designed project that maxed out the density to get as many units as possible built. Creating more challenges on this narrow site, the project straddled both redevelopment and planning areas, so both governing bodies had to approve the project. 

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The project finally got underway and was completed in late 2013. BRIDGE Housing received 2,806 applicants for the 60 apartment. The tenants were selected through a public lottery process and the building was leased out in just two months.
The Green Point certified project has a mix of one, two and three-bedroom apartments, with terrific amenities located throughout the building, including open space and community gardens on the top floor. Average unit size is about 750 square feet and most apartments have a balcony.

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Using the “One Percent for Art,”, BRIDGE commissioned a beautiful piece of artwork by Catherine Wagner that runs down the facade titled “Global Garden." 

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SFHAC would like to thanks Smitha Seshadri, Mimi Sullivan and Richard Stacy for guiding us on the tour and congratulate them on this affordable housing development. Well done!

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Housing Action Coalition

Housing Action Coalition

The Housing Action Coalition is a member-supported nonprofit that advocates for building more housing at all levels of affordability to help alleviate the Bay Area's housing shortage, displacement, and affordability crises.

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