On November 2, 2009, TNDC added six buildings and 548 homes for low-income San Franciscans to our management portfolio. This represents a 30% increase, bringing the total number of affordable housing units we provide to over 2,300.

Citizens Housing Corporation, a San Francisco-based housing developer with 24 properties in northern California, has asked TNDC to assume property management responsibility for their San Francisco portfolio of affordable housing assets. This includes six buildings in four San Francisco neighborhoods, as well as four projects in their development pipeline.

TNDC has a long history of working closely with Citizens. Since 1998, we have partnered on four joint ventures to develop affordable housing in San Francisco. As a result, TNDC partially owns two of the six buildings we will bring under management. The newly-constructed 990 Polk Street, with 110 units for seniors including 50 for those coming out of homelessness, recently won national recognition from Affordable Housing Finance magazine. And another award-winning development, SOMA Studios and Family Apartments at 8th and Howard Streets, houses 162 families and individuals above a grocery store and childcare center on the ground floor.

TNDC will also take over management of Buena Vista Terrace, an adaptive reuse of the historic, abandoned Third Church Scientist Building in the Upper Haight that provides 40 affordable units for seniors, O’Farrell Towers, at-risk Section 8 senior housing in the Tenderloin providing 101 affordable homes, Folsom Dore Apartments, 98 units of affordable housing in the South of Market neighborhood with on-site social services for low-income residents with a variety of special needs, and the Mosaica mixed-use property in the Mission district, where TNDC will manage 101 units of low-income family housing and 24 units for low-income seniors. The project also incorporates 34 ownership units and approximately 10,000 square feet of community and commercial space, bringing a varied and diverse population together to share one community.

TNDC will absorb most of Citizens’ property management staff in the six buildings, including managers, desk clerks, and maintenance workers. This will increase the number of TNDC employees from 240 to almost 300.

“This represents the beginning of a profound change for TNDC,” said Executive Director Don Falk. “Not only in terms of the number of staff and properties we’ll be managing, but also insofar as we will be bringing our style of community-building to neighborhoods where we currently have no presence. Our capacity will be tested, and as we develop to accommodate our increased responsibilities, we will see our reach and impact grow commensurately.”