Innovation and partnership stabilize nonprofits in a changing real estate market

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…

What is a CDFI?

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.

U.S. Treasury Awards NCCLF $33 million in New Markets Tax Credits

San Francisco (June 6, 2014) — The Northern California Community Loan Fund (NCCLF), a community development lender headquartered in San Francisco, has been awarded $33 million in New Market Tax Credits (NMTC) from the U.S. Department of Treasury’s Community Development Financial Institution Fund. NCCLF is one of 87 organizations across the United States to receive a total of $3.5 billion in tax credits, which are used to stimulate private investment in economically distressed communities.

$18 Million in CDFI Tax Credits Becoming Available Through COIN Program

The California State Department of Insurance has announced a new round of Community Development Financial Institution (CDFI) tax credits becoming available this spring from the California Organized Investment Network (COIN) program. $18 million will become available in the 2014 calendar year.  COIN, a division within the California State Department of Insurance, makes these tax credits…

Andrea Papanastassiou

Andrea Papanastassiou joined NCCLF as Deputy Director of Consulting, overseeing the Real Estate Consulting Program, in August 2013. She has over 15 years of experience working in affordable housing and community development. Previously, Andrea was the Director of Real Estate Development for Eden Housing. Before joining Eden Housing in 2007, Andrea spent nine years at…