Overview

• DM Development began construction on 300 De Haro, converting a previously approved market‑rate plan into 425 deed‑restricted apartments that are all affordable.
• The project used Senate Bill 35 for ministerial approval, a step developers and state Sen. Scott Wiener credited with speeding permitting.
• Studios and junior one‑bedrooms of roughly 300–400 square feet will target households at about 30%–70% of area median income, currently around $41,000–$95,000.
• Financing includes low‑income housing tax credits and tax‑exempt bonds with MRK Partners as an affordable housing partner, and no city capital reported.
• Completion is projected for summer 2027, an interest list is open, and neighbors have raised concerns over the 11‑story height, limited input under SB 35, and displacement of small businesses.