""I've been in San Francisco long enough that I've seen that there's a need for these types of housing," said Devdhara, pointing to transitional housing, supportive housing and SRO hotels of the kind he buys and refurbishes."
"The 'low-income housing market, which is often subsidized by local, state and federal government, stays always consistent,' he said. 'I may not get the benefit of a high market like today, but then I will also not be a part of when everything goes down.'"
Sam Devdhara, a hotel investor and manager, has developed a profitable model for renovating distressed single-room-occupancy hotels in San Francisco. He owns 14 buildings, focusing on those that will remain as supportive housing. His recent acquisition at 3032 16th St. will be managed by the Recovery Survival Network. Devdhara emphasizes the stability of the low-income housing market, which is often subsidized, compared to market-rate housing. Despite challenges with city contracts, he continues to see opportunities in the affordable housing sector.
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