CDF Case Study
The Salvation Army Kroc Center and Railton Place
The Salvation Army Ray and Joan Kroc Corp Community Center and Railton Place is a redevelopment of the Turk Street Center located at 242 Turk Street in San Francisco, Calif. There are 113 units: 92 studios, 10 one-bedroom and seven three-bedroom units. The project's developer, The Salvation Army, is building Railton Place to include the following components: a) 29 units of transitional housing for emancipated foster care youth, including 10 one-bedroom units for single mothers and 19 studio units for non-parenting youth; b) 73 studio units of transitional housing for adults in recovery; c) senior nutrition site and activities center; d) youth center with a full court gymnasium, activity rooms and a swimming pool; and e) an outdoor courtyard.
Lending a Hand
The tenant income level is 30-50 percent of Area Median Income (AMI) or between $23,750–$39,600. Railton Place is transitional housing for emancipated foster youth, those aging out of foster care, as well as single adults in substance abuse recovery.
Silicon Valley Bank provided a $13.3 million construction bond/purchase loan and the project received a $1.0 million Affordable Housing Program (AHP) grant from the Federal Home Loan Bank.
The Salvation Army Kroc Center and Railton Place opened in June 2008. More case studies