18/06/2026
What if affordable housing could be better and faster and cheaper?
1633 Valencia is helping prove the possible.
The 145-home community for formerly homeless seniors in San Francisco's Mission District was completed in just 19 months at approximately $525,000 per home, roughly half the cost often associated with affordable housing development in the Bay Area.
The project's success is the result of several factors working together: innovative financing, early collaboration between the development, design, and construction teams, a design-build delivery model, and a commitment to finding efficiencies without compromising quality or resident experience.
Today, the building is nearly fully occupied and providing residents with stable housing, supportive services, and access to the neighborhood resources that help communities thrive.
As housing affordability challenges continue across California, 1633 Valencia offers an important example of what can happen when partners rethink traditional development processes and work toward a shared goal: delivering more housing, more efficiently, for the people who need it most.
We're proud to have partnered with Housing Accelerator Fund, Mercy Housing, Cahill Construction, Felton Institute, and many others to bring this vision to life.
The project has recently been featured by the San Francisco Chronicle, San Francisco Standard, and San Francisco Examiner, each highlighting a different aspect of the story and the lessons it offers for the future of affordable housing.
San Francisco Chronicle:
https://www.sfchronicle.com/bayarea/article/sf-affordable-housing-cost-20352231.php
San Francisco Standard:
https://sfstandard.com/2026/06/03/affordable-housing-accelerator-fund-valencia/
San Francisco Examiner:
https://www.sfexaminer.com/news/urban-development/sf-senior-affordable-housing-project-opens-in-the-mission/article_98c70bc0-084b-4f70-94b9-e0767bdc8fbe.html