San Francisco's Freedom West Co-op Secures $23 Million for 2,400-Home Redevelopment

Key points

• Freedom West Homes aims to transform a 10-acre site into a residential district with 2,400 homes.
• The redevelopment plan includes 17% income-restricted housing and a new affordable senior housing building.
• The cooperative was established in the late 1960s to support Black and immigrant families displaced by urban renewal.
• Current shareholders will retain ownership stakes during the redevelopment process.
• The first phase includes a 115-unit affordable housing building for seniors, targeting a groundbreaking in mid-2027.
• The project has faced financial challenges due to its cooperative ownership structure.