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San Francisco Secures Over $200 Million in State Funding for Affordable Housing

“These funds come at a critical time in San Francisco,” said Mayor London N. Breed. “They will help us continue to deliver desperately needed affordable housing units for our families, workers, and individuals exiting homelessness as part of our overall strategy of building more housing at all income levels across the entire City. In addition to the State’s critical leadership, I want to thank Speaker Nancy Pelosi and our federal leaders for their incredibly important work to bring this funding to California and San Francisco.”

Published

4 years ago

February 15, 2022

Oakland Post

Mayor London N. Breed

Funding Supported by American Rescue Plan Act

Mayor London N. Breed announced on February 4 that San Francisco has been awarded more than $200 million in funding from the California Department of Housing and Community Development. This support was provided by the new California Housing Accelerator Fund, which was seeded with a $1.75 billion investment from the federal American Rescue Plan Act.

These dollars will provide the final funding necessary for four key affordable housing projects that will build over 400 units of affordable housing for families, formerly homeless individuals, public housing residents, and transitional aged youth. These projects include:

180 Jones St., a 70-unit development for formerly homeless and low-income adults in the Tenderloin.
1801 18th St., a 157-unit affordable family housing project that is a component of San Francisco’s HOPE SF initiative which will provide new replacement units for residents living in public housing in Potrero Hill and additional affordable family housing.
Parcel C3.1, a 138-unit affordable family housing development on Treasure Island.
San Cristina Hotel, a rehabilitation of a 58-unit Single Room Occupancy Hotel on Market Street which will house formerly homeless adults.

These shovel-ready projects are expected to begin construction in the coming months.

“These funds come at a critical time in San Francisco,” said Breed. “They will help us continue to deliver desperately needed affordable housing units for our families, workers, and individuals exiting homelessness as part of our overall strategy of building more housing at all income levels across the entire City. In addition to the State’s critical leadership, I want to thank Speaker Nancy Pelosi and our federal leaders for their incredibly important work to bring this funding to California and San Francisco.”

“Thanks to Democrats’ American Rescue Plan, a life-changing $200 million investment in affordable housing is headed to San Francisco,” said Nancy Pelosi, Speaker of the House of Representatives. “With this urgently needed funding, our City will be able to build, rehab, and replace more than 400 affordable housing units, house more low-income San Franciscans struggling through the pandemic and reduce homelessness. Let us salute Mayor London Breed for her dedicated and long-standing leadership in expanding affordable housing opportunities in San Francisco.”

“When we launched the California Housing Accelerator, we had clear objectives – eliminate the backlog of projects standing in long lines for tax credits and bonds, bring affordable housing to communities in need, and reduce the amount of time and money involved in preparing to make these homes available,” said Gustavo Velasquez, director of the California Department of Housing and Community Development. “And while more work remains in Tier 2, (the) announcement is an important step toward achieving our affordable housing goals.”

“We are grateful for the Housing Accelerator Fund’s investment in San Francisco,” said Eric Shaw, director of the Mayor’s Office of Housing and Community Development. “This funding source has been key to moving our projects forward in a competitive funding environment.”

This report comes from the Mayor’s Office of Communication.

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Oakland Post: Week of March 4 – 10, 2026

The printed Weekly Edition of the Oakland Post: Week of March 4 – 10, 2026

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4 days ago

March 7, 2026

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Oakland Post: Week of February 25 – March 3, 2026

The printed Weekly Edition of the Oakland Post: Week of – February 25 – March 3, 2026

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1 week ago

March 1, 2026

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Chase Oakland Community Center Hosts Alley-Oop Accelerator Building Community and Opportunity for Bay Area Entrepreneurs

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

Published

3 weeks ago

February 21, 2026

Oakland Post

Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.

By Carla Thomas

The Golden State Warriors and Chase bank hosted the third annual Alley-Oop Accelerator this month, an empowering eight-week program designed to help Bay Area entrepreneurs bring their visions for business to life.

The initiative kicked off on Feb. 12 at Chase’s Oakland Community Center on Broadway Street, welcoming 15 small business owners who joined a growing network of local innovators working to strengthen the region’s entrepreneurial ecosystem.

At its core, the accelerator is designed to create an ecosystem of collaboration, where local entrepreneurs can learn from one another while accessing the resources of a global financial institution.

“This is our third year in a row working with the Golden State Warriors on the Alley-Oop Accelerator,” said Jaime Garcia, executive director of Chase’s Coaching for Impact team for the West Division. “We’ve already had 20-plus businesses graduate from the program, and we have 15 enrolled this year. The biggest thing about the program is really the community that’s built amongst the business owners — plus the exposure they’re able to get through Chase and the Golden State Warriors.”

According to Garcia, several graduates have gone on to receive vendor contracts with the Warriors and have gained broader recognition through collaborations with JPMorgan Chase.

“A lot of what Chase is trying to do,” Garcia added, “is bring businesses together because what they’ve asked for is an ecosystem, a network where they can connect, grow, and thrive organically.”

This year’s Alley-Oop Accelerator reflects that vision through its comprehensive curriculum and emphasis on practical learning. Participants explore the full spectrum of business essentials including financial management, marketing strategy, and legal compliance, while also preparing for real-world experiences such as pop-up market events.

Each entrepreneur benefits from one-on-one mentoring sessions through Chase’s Coaching for Impact program, which provides complimentary, personalized business consulting.

Garcia described the impact this hands-on approach has had on local small business owners. He recalled one candlemaker, who, after participating in the program, was invited to provide candles as gifts at Chase events.

“We were able to help give that business exposure,” he explained. “But then our team also worked with them on how to access capital to buy inventory and manage operations once those orders started coming in. It’s about preparation. When a hiccup happens, are you ready to handle it?”

The Coaching for Impact initiative, which launched in 2020 in just four cities, has since expanded to 46 nationwide.

“Every business is different,” Garcia said. “That’s why personal coaching matters so much. It’s life-changing.”

Participants in the 2026 program will each receive a $2,500 stipend, funding that Garcia said can make an outsized difference. “It’s amazing what some people can do with just $2,500,” he noted. “It sounds small, but it goes a long way when you have a plan for how to use it.”

For Chase and the Warriors, the Alley-Oop Accelerator represents more than an educational initiative, it’s a pathway to empowerment and economic inclusion. The program continues to foster lasting relationships among the entrepreneurs who, as Garcia put it, “build each other up” through shared growth and opportunity.

“Starting a business is never easy, but with the right support, it becomes possible, and even exhilarating,” said Oscar Lopez, the senior business consultant for Chase in Oakland.