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.
By Joanne Lee, NCCLF’s Director of Consulting Services This past December, we made the final grant awards for the San Francisco Nonprofit Displacement Mitigation Program (NPDM). More than $1 million was allocated to support 31 social service, childcare, and community arts nonprofits in San Francisco. These critical funds help stabilize community-based organizations who are at risk…
31 social & arts organizations to receive awards from the City
San Francisco, CA —The Office of Economic and Workforce Development (OEWD), the Mayor’s Office of Housing and Community Development, and the San Francisco Arts Commission with key partners today announced grants of over $1 million to support 31 social service, child care and arts nonprofit organizations s as part of the San Francisco Nonprofit Sustainability Initiative. In total, 76 community organizations have received $4.5 million over the past two years in financial awards and real estate services to secure long-term leases and affordable spaces while continuing to provide vital services to residents.
Just in time to celebrate LGBT Pride month, NCCLF is pleased to announce that it has deployed $7.5M in New Markets Tax Credits (NMTC) to the San Francisco Lesbian Gay Bisexual and Transgender (LGBT) Community Center in support of the organization’s current renovations. The project will transform the 37,000 square foot Market Street facility constructed in 2002 into a more community-friendly environment.
The Tenderloin’s newest resident, 826 Valencia, celebrated the grand opening of its long-awaited youth writing facility on May 19th with a ribbon cutting and celebration. The 5,000 square foot space brings tutoring, writing, and publishing programs to thousands of youth in the neighborhood, thanks in-part to NCCLF’s real estate consulting services.
We are proud to announce that we’ve invested in HealthRIGHT 360‘s new “Home For Health,” which will integrate healthcare service for at-risk San Francisco residents under one roof.
San Francisco Early Childhood Development Nonprofit Finds New Home with Support from Nonprofit Displacement Mitigation Program
For over 13 years Tandem, Partners in Early Learning has served young children and families in low-income communities throughout the Bay Area. Formerly known as Raising A Reader, San Francisco, Alameda & Contra Costa Counties, Tandem has been working to engage parents, teachers, and caregivers in community capacity building and workshops
San Francisco Announces $1.2 million in Grant Awards As Part of the City’s Nonprofit Sustainability Initiative
Twenty nonprofits are awarded funds to maintain and enhance unparalleled services for San Francisco residents.
Congratulations to Leiasa Beckham, Northern California Community Loan Fund’s Senior Real Estate Consultant, who was named as an Honoree of the 2015 Northern California Real Estate Women of Influence Awards in recognition of her many accomplishments in the field.
Previous efforts to “transform” distressed communities were often approached exclusively as a means of driving economic success with little attention given to investing in the human capital