Affordable Housing + Economic Development

The Affordable Housing Program sets forth the Agency process for creating new affordable housing units in BVHP. A detailed implementation program, the Framework Housing Program, will describe proposed Agency and City housing activities in BVHP. Of significance is the maintenance of the existing mix of ownership and rental housing. The Affordable Housing Program will encompass a range of housing types, both rental and ownership, and including multi-bedroom family housing and one bedroom dwellings. Moreover, the affordability target would be set at the area median income ("AMI") in BVHP, which is lower than the citywide AMI. In addition, a Model Block Single Family Rehabilitation Program will be established to address repair and improvement of single family homes on a block-by-block basis in the community.

The Economic Development Program is designed to alleviate blight, directly and indirectly, and thereby stimulate private sector investment and development in the area and job and entrepreneurial opportunities for local residents. Due to the large size and the diversity of the BVHP community, public investment will be focused within community-identified catalyst areas in the seven economic development Activity Nodes identified in the Concept Plan. The seven Activity Nodes, as shown on the Activity Nodes and Planning Areas map are: (1) the Northern Gateway; (2) the Town Center; (3) the Health Center; (4) the South Basin District; (5) the Oakinba Activity Node; (6) Hunters Point Shoreline; and (7) Candlestick Point. In the Activity Nodes, new residential development will be encouraged in appropriate locations along Third Street to take advantage of the opportunities for transit-oriented mixed-use development along the new Third Street light rail line and to bolster existing residential uses in the vicinity. Land not adjacent to Third Street will retain the existing land use controls.