HomeRise to wind down over up to 24 months

HomeRise said its board will oversee an orderly, resident-centered wind-down of the San Francisco nonprofit over as long as 24 months, while keeping residents housed and services intact. The transition will move buildings to better-resourced operators as the city, lenders and investors coordinate property-by-property handoffs.

Why it matters: - HomeRise is ending operations after 36 years, but the organization says residents will keep their homes, leases, rental assistance and on-site support. - The transition affects properties backed by hundreds of millions of dollars in public and private housing investment in San Francisco. - The plan aims to move buildings to providers with more scale and service capacity to meet residents’ changing needs over time.

What happened: - HomeRise's board decided to lead an orderly, resident-centered wind-down of the organization. - The process may take up to 24 months. - The announcement was dated Oct. 1, 2026. - HomeRise said the wind-down will be coordinated with the City and County of San Francisco, investors, lenders and regulators. - The transition work is being coordinated with the Mayor's Office of Housing and Community Development, Health and Human Services, and the Department of Homelessness and Supportive Housing.

The details: - HomeRise said it will transfer its ownership role, property management and supportive services in each building to better-resourced providers. - Residents will remain in their homes throughout the transition. - Leases and rental assistance will continue. - On-site staff will stay in place during the transition. - The organization said daily life for residents does not change today. - HomeRise said residents will be told first before their building moves to a new operator. - HomeRise said it will communicate clearly in residents’ language and give them time to prepare. - The wind-down will unfold over the coming year, building by building. - HomeRise said it will share updates as it advances and as the city confirms receiving operators for each property.

Between the lines: - HomeRise framed the move as a capacity issue, saying sustainable long-term support requires providers with diversified revenue, comprehensive supportive services and balance-sheet strength. - The organization said its single-mission structure is not built to deliver all of those needs for the long term. - The statement also signals an effort to protect the public investment behind the housing portfolio by placing the homes with larger operators. - HomeRise is trying to manage uncertainty by emphasizing continuity for residents and staff while the ownership and service model changes.

What's next: - Boardmembers Don Falk and Neil Sims are leading a national search for a CEO to guide the wind-down. - Interested parties can submit information to Info@HomeRise.org. - HomeRise said staff will hear first about each step in the transition. - The organization said it remains committed to keeping every San Franciscan in its buildings in a safe, stable home.**