San Francisco Small Sites Program creates long-lasting impact

In 2014 NCCLF became a lender for the San Francisco Small Sites Program (SSP), an initiative of the City of San Francisco Mayor’s Office of Housing and Community Development (MOHCD) which preserves housing for low-income San Francisco residents. The loan program provides acquisition and rehabilitation financing to developers that supports the purchase and renovation of multi-family apartment buildings of four-25 units housing residents with an average Area Median Income (AMI) of 80%. This program was designed to protect residents who were susceptible to losing their homes due to evictions (mostly arising from the Ellis Act) or rising rents.  

Meet NCCLF intern Martha Rivera

In Summer 2016 NCCLF welcomed intern Martha Rivera to the team.  From June 2016-May 2017 Martha is participating in California Coalition for Rural Housing’s Rural West Internship Program for Diversity in Nonprofit Housing and Community Development.  The program is a one-year paid internship program for university students and is designed to increase the diversity of staff in the affordable housing and community development field. Since the program’s inception, more than half of participating students have pursued careers in the community development field after completing the program.

2016 Omnibus Appropriations Bill Proposes to Increase HOME Funding to $950 million.

After days of intense negotiations, Congressional leaders announced yesterday that they have negotiated year-end deals on taxes and government funding.  The Fiscal Year 2016 Omnibus Appropriations bill proposes to increase HOME funding to $950 million if enacted.

A new national report, Building HOME: The HOME Investment Partnership Program’s Impact on America’s Families and Communities highlights the significance of the HOME Investment Partnerships program in California’s most vulnerable communities.

NCCLF Joins San Francisco Small Sites Program to Stabilize Access to Affordable Housing

 

San Francisco (December 19, 2014) – The Northern California Community Loan Fund (NCCLF), a community development lender headquartered in San Francisco, is pleased to support the City of San Francisco’s new Small Sites Program (SSP), a loan program designed to stabilize affordable housing for low to moderate income residents throughout San Francisco that are susceptible to losing their homes due to evictions or rising rents.

LGBT Affordable Senior Housing Focuses on the Community’s Special Needs

NCCLF has closed a $4.46 Million loan on behalf of the Bay Area Transit Oriented Affordable Housing Fund (TOAH) to help finance San Francisco’s first and the country’s largest affordable housing specifically welcoming to lesbian, gay, bisexual and transgender (LGBT) seniors. NCCLF is one of six Community Development Finance Institutions (CDFIs) in the Fund, and…

NCCLF Projects Gets Recognition and Awards

NCCLF is proud to have supported two affordable housing projects featured in this month’s Affordable Housing Finance magazine; Habitat for Humanity’s Daly City project and Oakland’s Lower San Antonio neighborhood Clinton Commons. Habitat for Humanity’s 36-unit condominium in Daly City is recognized for its evolution of multifamily development that steps outside of the organization’s usual…

Sacramento Self Help Housing Receives a $75,000 Line of Credit from NCCLF

Sacramento Self Help Housing is a non-profit organization that works to improve the living conditions and increase the self-sufficiency of individuals living at or below the poverty level in the Sacramento area.  Sacramento Self Help Housing operates through two programs: Housing Resources and Friendship Housing.  Every month, Housing Resources obtains information regarding rental cost, policies…