Citizens Housing Turns Over Management Duties

San Francisco-based nonprofit Citizens Housing Corp. has turned over management of its properties to two other affordable housing groups. Tenderloin Neighborhood Development Corp. (TNDC), another San Francisco nonprofit, has taken over management of seven properties with about 540 units in the city. The addition of the properties represents a 30 percent increase to TNDC’s management portfolio. It also moves TNDC into neighborhoods it has not been in. The two organizations have partnered on several developments over the years.

Eden Housing, a nonprofit affordable housing developer and owner headquartered in Hayward, Calif., has taken over management of 10 properties with about 900 units. These properties are all outside of San Francisco.

Like other organizations, Citizens Housing has been facing financial challenges this year. It also lost its longtime president, Jim Buckley, who took a teaching position at the Massachusetts Institute of Technology.