FACILITIESAPPROVED

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

The Board will authorize purchasing 758 Pacific Avenue from New Asia Housing, L.P. for $2,178,786 and amending a MOHCD loan up to $13,666,153 to develop 175 units of 100% affordable senior housing. A long-term ground lease will provide the site under nominal rent and an annual monitoring fee.

Status
APPROVED
Document date
July 26, 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
Amended loan not to exceed $13,666,153; property acquisition price $2,178,786; Residential Ground Lease ABR $100 annually plus $15,000 fee
Contract type
FACILITIES
Contract term
Residential Ground Lease: 75 years with one 24-year extension option
Renewal
Residential Ground Lease runs 75 years with a single 24‑year extension option; loan agreement is amended to increase the not‑to‑exceed amount for predevelopment costs.
Document type
Agenda
Source document
City and County of San Francisco Board of Supervisors Agenda 2026-07-28

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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 26, 2026. The contract value is Amended loan not to exceed $13,666,153; property acquisition price $2,178,786; Residential Ground Lease ABR $100 annually plus $15,000 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 Amended loan not to exceed $13,666,153; property acquisition price $2,178,786; Residential Ground Lease ABR $100 annually plus $15,000 fee, covering facilities work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City and County of San Francisco Board of Supervisors Agenda 2026-07-28 (Agenda), dated July 26, 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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