Park Sunset Apartments
1353 7th Avenue • San Francisco, CA
Park Sunset Apartments is a 30-unit affordable housing community for senior citizens. Located in the Inner Sunset neighborhood of San Francisco, the building was acquired and rehabilitated by Community Preservation Partners (CPP) in 2016. This is a critical project that extends affordability in the culturally and economically diverse city of San Francisco, which is one of the most expensive real estate markets in the nation.
PARTNERSHIPS
Park Sunset Apartments has been improved and preserved by CPP, a subsidiary of the affordable housing pioneer, WNC & Associates. The company specializes in bringing parties from all corners of the economy together for a common cause. CPP acquired the aging apartment building, which was built in 1974, from the nonprofit Park Sunset Housing Corporation, an affiliate of Seventh Avenue Presbyterian Church.
The project cost approximately $16.5 million with roughly $1.7 million in renovations — approximately $56,000 per unit. It included contributions from the following entities:
Public Support
- U.S. Department of Housing and Urban Development
- California Tax Credit Allocation Committee
- California Debt Limit Allocation Committee
- California Housing Finance Agency
- City of San Francisco
Private Investors
- WNC & Associates
Financial and Other Partners
- Citi Community Capital
Renovation Influencers
- Foundation for Affordable Housing
- FPI Management
Development Team
- The John Stewart Company – Construction Services Group
- ICON Builders
- Community Preservation Partners
COMMUNITY
Following CPP’s extensive renovation, Park Sunset Apartments now has:
- Community room
- Community garden
- Enhanced security systems
SUSTAINABILITY
A comprehensive energy assessment was performed by Partner Energy to evaluate options for saving energy and water and making electric appliances safer. Among the implemented measures were:
- Upgraded interior/exterior lighting to high efficiency
- Installed ENERGY STAR® rated appliances
- Installed double pane, nonmetal frame windows
- Upgrade HVAC systems in the common area and residential units
- Installed a cool roof
- Installed new water fixtures that meet or exceed CalGreen Minimum Standards