-- Program and speakers starting at 11:45 a.9 acre
site between Valencia, Guerrero, 15th , and 14th Streets in the Mission
District, the same location as the previous public housing which stood
for over sixty years. Valencia Gardens also includes a separate four story
building for seniors that incorporates the convenience of central
elevators and other amenities, including a large lobby and community
room for meetings and senior programs.

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The Valencia Gardens development will include a community center;
a learning center with a multi-purpose room for meetings, job skills
training and after-school programs; a computer lab; a daycare center;
and a dedicated room for the Valencia Gardens Resident Council,
property management, and services staff.

The Valencia Gardens Development Team

Mission Housing Development Corporation is the largest non-profit
housing organization in San Francisco, with ownership or management
responsibilities for 39 buildings, serving almost 2,000 residents in
more than 1,000 units. and was the first housing authority in the State
of California.

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"

Mayor Gavin Newsom and other local and national officials will
speak at this event.

PROJECT TEAM

Developer: Mission Housing Development Corporation

Sponsor: San Francisco Housing Authority
Valencia Gardens Resident Council

Property
Manager: The John Stewart Company

Architect: Van Meter Williams Pollack LLP with Martinez
Architects

Contractor: Nibbi Brothers Construction

Project
Lenders: US Department of Housing and Urban Development; San
Francisco Housing Authority; San Francisco
Redevelopment Agency; Alliant Capital Ltd.
The design and architecture of Valencia Gardens is based on new
urbanism principles that have shown to increase the quality of life
and sense of community in other HOPE VI affordable housing
developments. For more than three decades MHDC has provided
housing options to residents of San Francisco focusing on affordable
housing for families and seniors.

Includes links to sites related to Chicago housing, including affordable and low-income housing, co-operatives, tenant rights, fair housing, and homelessness.

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. This mixed use project
replaces 246 dilapidated and blighted public housing units with
260 affordable homes for extremely-low and low income families and
seniors.m. It houses nearly 34,000 people, including low-income
families, seniors, and persons with disabilities in 53 developments
throughout San Francisco and under the Section 8 program .

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Business Editors/Community Editors
ADVISORY.

----

WHAT

A construction celebration for the revitalization of Valencia
Gardens, the fifth federally funded HOPE VI public and affordable
housing development in San Francisco. Please
note: no parking is available on site. The world famous Bufano
Sculptures that were previously located at the Valencia Gardens
housing development will be returned (pending approval from the San
Francisco Arts Commission ), and placed in a large centrally-located
outdoor sculpture garden for the enjoyment of residents and the
general public.

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There is a parking lot on
Hoff Street off 16th Street (between Valencia and Mission). Valencia Gardens will be located on a 4."
After almost a decade of planning, the revitalization of Valencia
Gardens was made possible through a network of partnerships and
collaborations at the local, state and federal levels. Because there are no additional federal HOPE VI
funds available for San Francisco, Valencia Gardens could be the last
development of its kind, unless the San Francisco Housing Authority is
successful in implementing a local HOPE VI model without HUD funds.
The proposed federal budget for 2006-2007 eliminates the HOPE VI
program entirely.
"This new housing will make a dramatic improvement in the lives of
the families who live here," said Anita Ortiz, President of the
Valencia Gardens Resident Council.

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WHEN

Monday, March 21st 11:30 a.S.

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The $66 million development will replace 246 dilapidated and
blighted housing units with 260 affordable homes for extremely-low and
low income families and seniors.

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Plans for the new Valencia Gardens were developed in
collaboration with the Valencia Gardens residents and the Mission
District community, and the development is intended to be the
"gateway to the Mission. There
is also metered parking. Citibank Community Development was the lead sponsor of
today's program, which included speeches by local and national
officials. The development will consist of 60
one bedroom units, 98 two bedroom units, 88 three bedroom units, and
14 four bedroom units. "This development
will be a dynamic gateway to the Mission, transforming community
blight into engines of community renewal.

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; Citibank
Community Development; Federal Home Loan Bank;
California Department of Housing and Community
Development

Event
Sponsors: Citibank Community Development is underwriting the
Construction Celebration; additional event sponsors
include Nibbi Brothers and Van Meter Williams Pollack.

Last of Five Federally-Funded HOPE VI Projects in San Francisco: Valencia Gardens is Officially under Construction as Future ''Gateway to the Mission''

Project funders include: the US
Department of Housing and Urban Development; California Department of
Housing and Community Development; the San Francisco Housing
Authority; the San Francisco Redevelopment Agency; Citibank Community
Development; Federal Home Loan Bank; and tax credit equity from
Alliant Capital Ltd.

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WHERE

Entrance at Guerrero Street, between 14th and 15th Streets, the
future home of Valencia Gardens in the Mission District.

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The 16th and Mission BART station is two
blocks from the site. As a HOPE VI
development, $66 million in development financing was provided by both
the public and private sectors.

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m.
The San Francisco Housing Authority is the 17th largest housing
authority in the U.

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Construction has begun under the management of
general contractor Nibbi Brothers Construction, and the community is
expected to open in Summer 2006.

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Business Editors/Real Estate Writers/Community Editors

SAN FRANCISCO----

Infamous 1940s Era Housing Project is Gone; Residents Attend Ceremony
for Design They Helped Create; Revitalization Increases Total
Number of Homes

At a ceremony held today, the Mission Housing Development
Corporation (MHDC) and the San Francisco Housing Authority celebrated
the revitalization of Valencia Gardens, the last of five
federally-funded HOPE VI public and affordable housing developments in
San Francisco .
"Valencia Gardens is remarkable because it more than replaces the
public housing units that were here before, it provides a more
appropriate number of bedrooms per unit to match family demographics ,
and actually adds affordable public housing for working families and
seniors," said San Francisco Mayor Gavin Newsom. Most importantly, Valencia Gardens is integrated into
its neighborhood with new public roads and walkways, as opposed to
being isolated by fencing, as was the case with the previous project.

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- 1:30 p.

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ADVISORY/Media Alert -- You Are Invited to the Construction Celebration for the Revitalization of Valencia Gardens on March 21st 2005

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MUNI lines run along Valencia, Church and
Guerrero.