San Francisco Nonprofit Acquires Mission Building, Eases Tenant Concerns
The San Francisco Community Land Trust has successfully acquired the building at 3235 16th Street, bringing relief to its tenants. This five-unit apartment, located two blocks from Dolores Park, will retain its rent-controlled status, alleviating fears of displacement among long-term residents.
Significance of the Acquisition
For many tenants, the transition marks a significant milestone. Alana Herron, a high school teacher who has resided in the building for 24 years, expressed her gratitude, stating, “It’s really a relief, the stability and the security.” She and her fellow residents had long feared that the building might be sold, jeopardizing their homes.
Details of the Sale
- Acquisition Date: Last week
- Previous Owner: Deborah V. Vanpatten
- Purchase Price: $1.55 million
- Funding Sources: City’s Small Sites Program, Preservation and Seismic Safety Program
- Building Year: 1905
- Units: Five residential units, one commercial space (Barnets Salon)
The acquisition process began during the summer when the previous owner informed the San Francisco Community Land Trust of her intention to sell. Thanks to the city’s Community Opportunity to Purchase Act, qualified nonprofits are given the right of first refusal on properties with three or more residential units.
Long-Term Resident Concerns
For many of the dozen tenants living in the building for decades, the transition means peace of mind. Kyle Smeallie, the policy director for the land trust, noted the residents’ concern about potential displacement under new ownership. “For them to have the feeling that they don’t have to worry about that anymore… that’s a sense of relief that is really palpable,” Smeallie said.
Community Support and Growth
The San Francisco Community Land Trust has been expanding its portfolio, now owning 17 properties. The organization previously received a $20 million donation from MacKenzie Scott, facilitating its growth under a $60 million capital campaign. Residents like Herron and others have expressed that this acquisition is a fortunate event for the community, especially for artists and teachers residing in the building.
While an official celebration hasn’t yet occurred, Herron celebrated the acquisition with dinner, reflecting on the gratitude felt by the tenants. “We’re really grateful,” she stated. “It is really a gift, and we know that.”
