FACILITIESAPPROVED

San Francisco County Awards Facilities Contract to New Asia Housing Lp (July 2026)

The Budget and Finance Committee recommended an amended resolution authorizing acquisition of 758 Pacific Avenue from New Asia Housing, L.P. for $2,178,786, increasing a predevelopment loan to a not-to-exceed $13,666,153, and entering into a long-term ground lease at nominal rent to build 100% affordable senior housing. The transaction places the residential property under MOHCD jurisdiction for a 175-unit low-income senior project.

Status
APPROVED
Document date
July 22, 2026
Contract type
FACILITIES
Vendor
New Asia Housing Lp
Agency
San Francisco County · CA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,178,786 acquisition price; amended loan not to exceed $13,666,153; Residential Ground Lease ABR $100 plus $15,000 annual fee
Contract type
FACILITIES
Contract term
Residential Ground Lease: 75 years with one 24-year option (total potential 99 years)
Renewal
Residential Ground Lease has an initial 75-year term with one 24-year extension option, for a maximum 99-year term; lease structured at below-market rent to serve a public purpose by providing affordable housing.
Document type
Minutes
Source document
City and County of San Francisco Budget and Finance Committee Meeting Minutes 2026-07-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by San Francisco County?

New Asia Housing Lp was awarded this facilities contract by San Francisco County, as recorded on July 22, 2026. The contract value is $2,178,786 acquisition price; amended loan not to exceed $13,666,153; Residential Ground Lease ABR $100 plus $15,000 annual fee.

How much is the New Asia Housing Lp contract with San Francisco County worth?

The New Asia Housing Lp contract with San Francisco County is valued at $2,178,786 acquisition price; amended loan not to exceed $13,666,153; Residential Ground Lease ABR $100 plus $15,000 annual fee, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City and County of San Francisco Budget and Finance Committee Meeting Minutes 2026-07-22 (Minutes), dated July 22, 2026 from San Francisco County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New Asia Housing Lp hold?

New Asia Housing Lp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View New Asia Housing Lp's profile

What is San Francisco County currently buying?

Explore San Francisco County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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