Salvation Army

 

CDF Case Study

The Salvation Army Kroc Center and Railton Place

SA Turk

Project Scope

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.

Helping Finance

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.

Results

The Salvation Army Kroc Center and Railton Place opened in June 2008.

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