San Francisco approves supportive housing agreement for 1321 Mission Street project

San Francisco County has taken a significant step towards addressing homelessness with the approval of a new lease and property management agreement for a recently acquired building at 1321 Mission Street, now named "The Margo." During a government meeting on July 4, 2025, the Board of Supervisors authorized the Department of Homelessness and Supportive Housing (HSH) to enter into a five-year agreement with the Tides Center, which will manage the property as a permanent supportive housing facility.

The Margo will provide 160 units, including 120 studio apartments for adults and 40 multi-bedroom units for families transitioning out of homelessness. Each unit is equipped with private bathrooms and kitchens, offering residents a dignified living space. The agreement allows for a nominal rent of $1 per year, with no annual increases, and includes a budget for property management and operating costs not to exceed $19.5 million over the initial term.

This initiative is backed by $54.8 million in Homekey resources, aimed at supporting the acquisition and operations of the property. The on-site support services will be provided by the nonprofit organization, DISH, in collaboration with UCSF for adult services and Compass Family Services for families.

The resolution reflects the city’s commitment to a "housing first" approach, prioritizing stable housing as a critical component of addressing homelessness. The Board of Supervisors previously approved the acquisition of the property last fall, marking a proactive move in the ongoing effort to provide sustainable housing solutions for low-income households in need.

As the city moves forward with this project, it underscores the importance of collaborative efforts between government agencies and nonprofit organizations in tackling the complex issue of homelessness in San Francisco. The Margo is set to become a vital resource for those seeking stability and support in their lives.