SAN FRANCSICO—L+M Development Partners has opened the final phase of Candlestick Heights, a new 196-unit affordable housing project in San Francisco's Bayview neighborhood. The Candlestick Heights development brings to life a long-stalled project originally designed as market-rate housing by a previous developer, and creates a 100% affordable community that will provide much-needed housing and contribute to Bayview's ongoing revitalization.

L+M, in partnership with local non-profit Bayview Hunters Point Multipurpose Senior Services, has worked to ensure that Candlestick Heights would serve long-term residents of the community and others in need of affordable housing.

Candlestick Heights will offer one, two, three and four bedroom affordable units. Average rent for the units will fall far below the standard market-rate, with one bedrooms averaging at just over $1,100 a month and four-bedroom units renting at just over $1,200. The first 66 units of Phase I of Candlestick Heights were completed in early 2013 and have been fully occupied since May 2013. The 130 units of Phase II were recently completed and are already approximately 70% leased.