In May 2017, Tipping Point Community announced the Chronic Homelessness Initiative (CHI), a $100 million initiative to halve chronic homelessness in San Francisco in five years. Tipping Point invested in the Homes for the Homeless Fund (HHF) as part of CHI with the goal of piloting a new approach toward permanent supportive housing (PSH) in San Francisco that would reduce the development time and cost per unit. This brief describes HHF’s different approach in developing Tahanan—the first HHF–financed 145-unit PSH development—and compares Tahanan’s timeline and cost data with those of other PSH developments in San Francisco. Tipping Point’s goals for Tahanan were to complete development for less than $400,000 per unit within a period of three years. We found that Tahanan’s total residential development costs were approximately $377,000 per unit, 5.7 percent below the $400,000 per unit goal. We also found that project implementers nearly met the timeline goal of three years, completing the Tahanan development in three years and one month.
Evaluation of the Homes for the Homeless Fund: Analysis of Development Costs and Timeline for Tahanan (833 Bryant Street)
