936 – 940 Geary St. is a 33-unit rehabilitation project in the Tenderloin of San Francisco. Included in those 33 units are two commercial units and 31 studio units. Upon acquisition, the building was 58% occupied and we enacted a relocation plan within the building to ensure all residents had a unit to live in during rehabilitation. Considered the largest Small Sites Preservation in the program’s history, Novin Development has partnered up with the San Francisco Housing Development Corporation. Additionally, this project has received $9,868,250 in funding from San Francisco Housing Accelerator Fund and $12 ,191,855 from the Mayor ’s Office for Housing and Community Development.
Our partner, San Francisco Housing Development Corp (SFHDC), is a mission-driven organization focused on fostering “…financial opportunity and stability through the development of affordable housing…” through the revitalization of various neighborhoods in San Francisco.
The community is conveniently located next to the Geary and Larkin St. bus stop, serving lines 19 and 38, as well as walking distance from the Van Ness Sutter Health Hospital.