ULI Homeless to Housed Case Study: The Bryant Street Project

Case Study Summary: The Bryant Street Project hosts 145 apartments of permanent supportive housing for residents who have experienced homelessness, with one staff apartment on site. The project is located in the South of Market Area (SOMA) of San Francisco, and this central location is close to public transit, grocery stores, and community parks, ensuring that residents have access to neighborhood amenities and services. The Bryant Street Project is possible because of a partnership among the city of San Francisco, HAF, Tipping Point Community, and Mercy Housing California. Permanent affordability and high-quality operations are ensured through a partnership with the city of San Francisco, which will provide operating subsidies following construction completion.

The Bryant Street Project serves as a new model for how to structure financing to create permanent supportive housing. The project’s primary development goals are to expedite the development process and make it more efficient, reducing costs by jump-starting construction using philanthropic funding. It also serves as an example of a permanent supportive housing development that has been developed below the cost and timelines that are typical for San Francisco projects. Importantly, its site location in a neighborhood of opportunity—central to public transit, grocery stores, and community parks—ensures that a solution to homelessness is part of the community rather than hidden on the outskirts of one. ---- Interested in ULI's work on addressing homelessness? In 2022, the Terwilliger Center for Housing, with initial funding by philanthropist and entrepreneur Preston Butcher, launched the Homeless to Housed Initiative, which works to explore real estate solutions to the growing crisis impacting communities everywhere.

Learn more about the ULI Homeless to Housed Initiative.