San Francisco commits $98M for 200-unit family housing project at 333 Twelfth Street

The San Francisco County Budget and Finance Committee convened on July 4, 2025, to discuss significant resolutions aimed at addressing homelessness in the city. The primary agenda item was a resolution authorizing the Department of Homelessness and Supportive Housing (HSH) to enter into a standard agreement with the California Department of Housing and Community Development. This agreement involves approximately $56.6 million in Homekey grant funds for the acquisition of the property located at 333 Twelfth Street, designated for permanent supportive housing for families.

Emily Cohen from HSH presented the resolution, highlighting that the project will provide 200 units of family housing in the South of Market (SoMa) area. The resolution also commits the city to approximately $98.8 million in matching funds for the acquisition and a minimum of five years of operating subsidies. The committee affirmed the planning department's determination under the California Environmental Quality Act (CEQA) and adopted findings consistent with the city’s general plan.

During the discussion, committee members expressed enthusiasm for the project, emphasizing the urgent need for family housing as homelessness rates continue to rise in San Francisco. Supervisor Safai noted the significance of the city’s efforts in securing this property, which is the only family-focused project within the Homekey initiative.

Public comments were invited, with one speaker raising concerns about the management of homelessness services and calling for audits of HSH. Despite the criticism, committee members remained focused on the positive impact of the project, with several expressing excitement about the potential benefits for families in need.

The committee ultimately voted unanimously to forward the resolution to the full board with a positive recommendation, marking a crucial step in the city’s ongoing efforts to combat homelessness and provide stable housing solutions for families. The resolution is expected to facilitate the timely execution of the agreement and the commencement of operations by June 30, 2026.