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Recovery Act Hits the TL

San Francisco's first construction project to snag Recovery Act stimulus funds? According to a press release, it's the rehab of two low-income senior housing buildings in the Tenderloin at 165 Turk and 249 Eddy. The Tenderloin Neighborhood Development Corporation bought the buildings in 2007 because their Section 8 contracts were about to expire, and the previous owner reportedly was going to go market-rate. Now, says the TNDC director, the elderly residents can keep their homes, and "dozens of construction workers over the next year" will have jobs fixing up the buildings. [Curbed Inbox]