The Agency completed asbestos removal and demolition on the Met Site to mitigate blight and prepare for development. On March 8, 2011, the Board and Council approved an Owner Participation Agreement with FFDA Properties, LLC, selected from an RFP process, for a mixed-use, multi-family project consisting of sixty two (62) residential units and 21,492 square feet of commercial space. The Agency will receive moderate income covenants for nineteen (19) of the units. Construction is scheduled to commence in January 2013 and be completed in June 2014. The site of about 2.5 acres is bounded by Calaveras, Stanislaus, Fulton and Van Ness, excludes the Met Museum Building and includes the parking lot north of Stanislaus across from the Museum building.