San Francisco has received an $8.2 million Project Homekey grant from the California Department of Housing and Community Development to fund the acquisition and operation of 42 Otis Street as permanent supportive housing for transitional-aged youth (TAY). The five-story building includes 24 studio units, five commercial spaces, a courtyard, and a rooftop terrace. The city will contribute approximately $8.7 million in matching funds for acquisition and commit to at least 10 years of operating subsidies. The site will be operated by Five Keys Schools and Programs, offering comprehensive wraparound services. The project aligns with the city's strategic housing goals to address homelessness among young adults and expand permanent supportive housing options.
This initiative directly addresses San Francisco's homelessness crisis by providing stable housing and essential services to young adults at risk. By leveraging state funds and local resources, the project ensures long-term affordability and service integration for the city’s most vulnerable populations.