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CurbedWire Late Edition: Lennar Corp. Agreement Allows for More Affordable Housing

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HUNTERS POINT—Paging Chris Daly: Developer Lennar Corp. is playing for keeps on the affordable housing front. From the press release issued by the SF Labor Council:

The San Francisco Labor Council, along with its community and interfaith partners, ACORN (Association for Community Organizations for Reform Now) and SFOP (San Francisco Organizing Project) have reached a groundbreaking agreement with Lennar Urban that provides the largest creation of affordable housing of any new development in the city’s history. Under the agreement, a total of approximately 3,500 new homes that are affordable to very low-income and working families will be constructed in the Hunters Point Shipyard – Candlestick Point and throughout District 10. The vast majority will be constructed as part of the mixed-use development project; in addition, Lennar has committed $27.3 million to provide hundreds more affordable homes throughout District 10. Lennar has also agreed to provide $8.5 million for workforce training.

San Francisco Labor Council & Allies to Sign Historic Community Benefit Agreement with Lennar Corporation

Agreement will create 3,500 units of New Housing Affordable to very low-income and Working Families

What: The San Francisco Labor Council, along with its community and interfaith partners, ACORN (Association for Community Organizations for Reform Now) and SFOP (San Francisco Organizing Project) have reached a groundbreaking agreement with Lennar Urban that provides the largest creation of affordable housing of any new development in the city’s history.

Under the agreement, a total of approximately 3,500 new homes that are affordable to very low-income and working families will be constructed in the Hunters Point Shipyard – Candlestick Point and throughout District 10. The vast majority will be constructed as part of the mixed-use development project; in addition, Lennar has committed $27.3 million to provide hundreds more affordable homes throughout District 10. Lennar has also agreed to provide $8.5 million for workforce training. Labor, ACORN and SFOP have endorsed Proposition G on the June 3rd ballot and are recommending a no vote on a rival measure, Proposition F.

“We looked at Proposition G carefully and did our homework,” said Tim Paulson, Executive of the San Francisco Labor Council. “This is the best deal for working families, for the Bayview community and for the city of San Francisco. Proposition G offers real jobs, real hope and a true vision for Bayview-Hunters Point. At the end of the day, Proposition F represents a dead end that would subvert a decade of community planning. It is meant to repel progress, not encourage it, and would set a bad precedent for San Francisco.”

“We look forward to working with Lennar, the Citizens Advisory Committee, and the Project Area Committee in a progressive partnership to ensure that the needs of the Bayview community are addressed,” added Paulson.

Additional details regarding the historic agreement will be provided to the public and news media at this event.

When: Tuesday, May 20, at 1:30 pm, San Francisco Labor Council, 1188 Franklin Street, 2nd Floor

Who: Attendees will include Mayor Gavin Newsom, Tim Paulson, Executive Director of the San Francisco Labor Council and representatives from the Association for Community Reform Now (ACORN), the San Francisco Organizing Project (SFOP), tenant leaders from Alice Griffith public housing project, Carpenters Union Local 22, Plumbers Union Local 38, among others. Leaders from the Bayview-Hunters Point community are also scheduled to appear including representatives from the Citizens Advisory Committee and Project Area Committee.