Tenants Will Return to Renovated Mission Street Building
Ten households move back into the 35-unit complex the week of October 12, 2026.
Updated on Oct. 7, 2026 in Apartments
Live Poll
Should your local government spend public funds to acquire private apartments for affordable housing?
Ten former rent-controlled households are moving back into 2061 Mission St. following extensive renovations to the 35-unit apartment building. The Mission Economic Development Agency reopened the property after acquiring the site in 2024.
Why it matters
The project serves as a test case for the city's Small Sites program, which aims to protect multi-family buildings from displacement and gentrification. Officials are currently planning a $70 million housing preservation bond for next year to expand this effort.
The Small Sites program has preserved 655 units across 63 buildings to date, with the city recently providing $6 million for renovations at 2061 Mission St. Officials are now weighing a $70 million housing preservation bond.
The players
Mission Economic Development Agency
A local nonprofit organization that acquires and renovates apartment buildings to prevent tenant displacement.
The details
The Mission Economic Development Agency used the Community Opportunity To Purchase Act to secure the building for $11.35 million with a $22 million bridge loan. Renovations included seismic retrofits, plumbing and electrical system upgrades, and a complete gas-to-electric conversion. Following this reopening, the city is also refinancing $37 million in loans across 15 other local buildings to maintain their affordability.
Timeline
1996: Original tenants move into the building.
2019: Voters approve the Community Opportunity To Purchase Act.
2024: Mission Economic Development Agency acquires 2061 Mission St.
October 2026: 17 multi-family buildings list for sale.
Week of October 12, 2026: Tenants move back into the renovated building.
Across the Bay
This project follows the mechanisms established by the 2019 Community Opportunity To Purchase Act to maintain long-term affordability. It mirrors ongoing efforts in the neighborhood to curb displacement as dozens of multi-family buildings continue to hit the market.
Former residents can return to their units the week of October 12, 2026, with newly renovated interiors and modernized building systems. Studio rents at the facility have been set at $862 per month.
The takeaway
The reopening of this building illustrates the ongoing reliance on nonprofit acquisition to stabilize the local rental market. Watch for upcoming city hearings regarding the planned $70 million housing preservation bond scheduled for next year.
Further reading
You can find more coverage on the local housing market in our Apartments section.
Source note: This article includes information reported by San Francisco Chronicle.
Live Poll
Should your local government spend public funds to acquire private apartments for affordable housing?
