Virtual Opening of La Fénix at 1950

On April 15, BRIDGE and Mission Housing Development Corporation livestreamed the ribbon-cutting of new affordable homes for families at La Fénix at 1950: 157 apartments in the heart of San Francisco’s Mission District. “Projects like this one and the others that will break ground over the coming years are critical to addressing so many of the challenges we face as a city,” said Mayor London Breed. “Creating new, affordable places for our residents to live will help us recover from this pandemic and ensure our residents can continue to live and thrive in the neighborhood they call home.” (Photo: Mabel Jimenez)

Bank of America, our Jordan Downs financing partner, has released a case study and video that show how new homes and local-hire jobs are transforming the neighborhood and creating opportunities for residents. The video celebrates the progress at Jordan Downs, where the Housing Authority of the City of Los Angeles selected BRIDGE and The Michaels Organization as joint master developers to revitalize 700 units of public housing into a larger mixed-income community.

P.S. You can join us to transform the storied Jordan Downs community. Click here to help BRIDGE create beautiful new homes and community spaces and offer services like job training and placement. 

In March, Google and Housing Trust Silicon Valley announced nearly $30 million in new loans for three Bay Area affordable housing developments, including Potrero HOPE-SF, where BRIDGE is creating more than 800 affordable homes plus a range of housing, amenities and open space in partnership with the San Francisco Housing Authority and the Mayor’s Office of Housing and Community Development. (Rendering: HKIT Architects & Y.A. Studio)

BRIDGE and local public health partners have hosted COVID-19 vaccination clinics at 11 senior properties to date, with additional family and senior sites on the horizon. As described by a Bloomberg CityLab reporter who visited BRIDGE’s San Rafael Commons and Rotary Valley Senior Village, the on-site clinics are particularly helpful to residents who face mobility or transportation challenges. (Photo: David Paul Morris/Bloomberg)

The BRIDGE Board of Directors was pleased to elect Daryl J. Carter as its newest member. Mr. Carter is the Founder, Chairman and CEO of Avanath Capital Management, LLC, a California-based investment firm that acquires, renovates and operates apartment properties, with an emphasis on affordable and workforce communities. ”Daryl’s a visionary leader whose depth and breadth of experience will add great value to our mission of strengthening communities and improving people’s lives,” said Board Chair Kenneth Novack.

A search committee of the Board will oversee the recruitment and selection of BRIDGE’s next President and CEO. Joining Board Chair Kenneth Novack on the committee are Daryl Carter, Founder, Chairman and CEO, Avanath Capital Management; Joe Hagan, Retired President and CEO, National Equity Fund; Nancy Hemmenway, Retired Chief Human Resources Officer, Prologis; and Ron Nahas, Partner, Rafanelli & Nahas and immediate past Chair of BRIDGE. The committee expects to announce its selection of an executive search firm shortly. Susan Johnson, a 38-year veteran of BRIDGE, was appointed Interim President and CEO last month and will continue in this role throughout the search process.