Precita Eyes Mural studio on Precita Park, along with 4 residents of the building at 344 Precita Avenue, have prevailed in their effort to purchase the building from the trustees of the late owner. The effort comes at the end of a long and at times acrimonius struggle to prevent the sale of the building to new owners who might have attempted to evict Precita Eyes and other residents.
The funding required to make the $1.35 million purchase possible was secured by the Mission Economic Development Agency (MEDA):
The Mission Economic Development Agency (MEDA) has been able to purchase 344-348 Precita Avenue in San Francisco, so that all tenants can remain at affordable rents.
The commercial tenant is Precita Eyes Mural Arts Center, which has for decades created colorful murals, especially in the Mission community. Precita Eyes was nominated as the city’s first legacy business, per Prop J passed by San Francisco voters last November.
The apartments house four working-class residents – educators, musicians and therapists – who have long called the neighborhood home. All tenants were at risk of eviction from buyers looking to flip the building.
Tenant Dennis Mackenzie is thankful to remain in his home of over 30 years. He states, “Thanks to the many good people who made this possible, including MEDA, the San Francisco Community Land Trust, our families, friends, neighbors and others. This deal shows that there are ways to assist people so that we can remain in our longtime homes and businesses without being displaced and forced to move out of San Francisco.”
Community support made this deal a reality, with MEDA’s $400,000 downpayment raised by family, friends, neighbors and building residents, the latter raising over $19,500. The rest of the downpayment, more than $380,000, came from MEDA’s newly launched Neighbor-to-Neighbor (N2N) Fund, a community effort that is the brainchild of Mission resident Spike Kahn, who is also the founder of the nonprofit arts center, Pacific Felt Factory.
Neighbors from the Mission and Bernal Heights were very concerned about the potential loss of the Precita Eyes Mural Arts Center, a community arts institution in place for over 40 years on the site. The building’s residents used fundraising efforts, along with the N2N funds, to quickly raise the downpayment within 30 days, and were able to meet the seller’s timeline.
PHOTO: Precita Eyes Mural Center on Precita Park, by Telstar Logistics
15 thoughts on “Precita Eyes and Residents Avoid Eviction by Buying Precita Park Building”
This is wonderful. A bright flash of news in an otherwise sometimes dark landscape. Here’s to art in the community, teamwork, and teaching of skills!
Outstanding community work. We need to see more of the type of cooperation.
Super awesome news!!!
So is it a TIC now?
It’s permanently affordable and owned and managed by the community-based nonprofit MEDA.
Ahhh, interesting. Score for the tenants, I didn’t know something like this was even possible.
I’m so happy to see this. I was Ellis Acted just a few doors down.
Sorry to hear that. Folks facing eviction might want to contact me at email@example.com. If you want to fight. SF ACCE and tenants who fight have won a lot of the time.
Yes! This is great to hear.
wonderful news. Community prevails!
With non profits now also competing for smaller buildings (in addition to all the private investors), this will help escalate property values up even higher.
Hmm. I like that 🙂
And brought to you by….”Another law of unintended consequences in San Francisco real estate.”
1.35 M for a building with 3 units and a commercial space, that sounds like a steal.
Hello Bernalwood! On behalf of my fellow tenants and ALL the family, friends and neighbors who helped us by either donating money or loaning big chunks ..some up to $30,000 (to be paid back in a year with 5% interest) ..A HUGE Thank You for helping us stay here and continue to do our work! And just as important– stay with our many many friends! We are so grateful and still a bit in shock that this can still happen here in SF. MEDA and all their staff are the best.. hard working and they have a model that can be used elsewhere.
We are having a celebration party at Precita Park this Sunday, April 10th and you are all invited!
Pot luck, BBQ, music and good vibes from 1pm – 5pm. Please join us if you can!
GG Amos – Link to the flyer> https://www.dropbox.com/s/kutmepa312u1ayw/April10Party-PrecitaPark.jpg?dl=0
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