Construction costs in the San Francisco Bay Area have grown prohibitively expensive, making it difficult to feasibly develop new affordable or even market-rate housing.
This case study analyzed the costs of a permanent supportive housing development at 833 Bryant Street in San Francisco that was undertaken through an accelerator initiative to achieve cost savings.
- Committing to defined and ambitious cost and timeline goals
- Deploying unrestricted capital to fund many costs during construction
- Receiving approval for the Streamlined Ministerial Approval Process under Senate Bill No. 35
- Using off-site construction of apartment units
The analysis found 833 Bryant would be completed about 30% faster and at 25% less cost than comparable projects.