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VISION

LIIF's San Francisco office is dedicated to creating pathways of opportunity for low income families in Northern California to attain economic self-sufficiency.

WHAT WE DO

LIIF’s San Francisco office provides loans, grants and technical assistance for child care, education, affordable housing and other vital community revitalization efforts in Northern California’s high-need neighborhoods.

Lending products include:

• Pre-development loans and lines of credit
• Acquisition loans
• Bridge loans
• Construction and mini-permanent loans
• Permanent loans

For more information on our lending products, please click on Products and Services.

ANNOUNCEMENTS

East Oakland Community Project Celebrates Crossroads Grand Opening

On January 24, 2008, East Oakland Community Project (EOCP) celebrates the grand opening of its new Crossroads facility. Crossroads will provide emergency housing for up to 125 homeless individuals per night, as well as a continuum of care in a holistic approach to helping people who want to recover from a life of homelessness. In addition to housing, EOCP provides life skills training, health care connections, mental health and substance abuse counseling, housing referrals, and career counseling. Crossroads occupies a renovated commercial space at 75th and International in East Oakland, and will be a welcome move for EOCP and its clients – since 1990, EOCP has been providing emergency housing and services in an old warehouse. Designed by architects Kodama Diseño, Crossroads is the first "green" emergency housing shelter in the country. The building is served by solar panels and a state-of-the-art hydronic heating system, and incorporates other energy efficiency innovations. The larger new facility has also allowed EOCP to add 20 additional beds, and increase the number of on-site services provided. For more information, go to http://www.eocp.net/.

In 2003, LIIF provided a $100,000 predevelopment loan to EOCP for the Crossroads project out of a special low-interest loan program made possible by a grant from the CDFI Fund. In 2004, LIIF provided EOCP an additional $360,000 in predevelopment financing using LIIF’s Revolving Loan Fund. These two loans provided necessary funds early in the development process to help pay for costs such as design, development consulting, and acquisition-related expenses.

 

IMPACT

In FY07 (July 1, 2006 – June 30, 2007) LIIF’s San Francisco office provided 19 loans and 251 grants for affordable housing, quality child care and schools totaling approximately $18 million. This activity has benefited 42,600 low income individuals in Northern California and supported:

• 475 units of affordable and supportive housing;
• 10,500 child care spaces; and
• 2,200 classroom desks.

EXCITING NEW LOAN DEALS

Central City Hospitality House (CCHH) in San Francisco, California

In January 2008, LIIF’s San Francisco Office closed a $400,000 acquisition loan for Central City Hospitality House (CCHH). The loan proceeds will be used, along with a $1 million grant from Emergency Housing Assistance Program (EHAP) to acquire the property which houses the organization’s homeless shelter in San Francisco’s Tenderloin neighborhood. CCHH was established in 1967 during San Francisco’s “Summer of Love” as a drop-in space for homeless youth. The Organization currently provides services through three separate, but inter-related programs:

• The Tenderloin Self Help Center is a street level drop-in community center that provides comprehensive support services, case management, employment resources, mental health, substance abuse, medical services and access to restrooms phones, mail service and grocery distribution.
• The Community Arts Program is also a street level drop-in center that provides free of charge access to creative resources, materials and instruction. Participants have the opportunity to create various mediums of art which they are then able to exhibit and sell.
• The Shelter and Supportive Services for Housing Program provides 30 emergency shelter spaces to adult men each night. Of those, 25 are 90-day case managed beds and five are nightly emergency slots. The program attempts to develop a case plan that will support the individuals in overcoming whatever personal obstacles are standing between them and independent living.

For more information, go to www.HospitalityHouse.org.

Affordable Tenant Homeownership in San Francisco, California

In December 2007, LIIF closed a $1,725,000 construction loan to the San Francisco Community Land Trust, to support the renovation and seismic retrofit of 53 Columbus Avenue, along with an additional $4.7 million from the San Francisco Mayor’s Office of Housing.

53 Columbus, previously known as the Fong Building, built in 1910, is a three-story brick masonry building located at the foot of Columbus Street, between Jackson and Montgomery Streets on the edge of Chinatown. The project is a collaboration between the Land Trust, the property owner; the Asian Law Caucus (ALC), which represented the tenants in the negotiations to purchase the property; the residents of 53 Columbus – low income Chinese Americans who have been living under the threat of demolition of their home; and Chinatown Community Development Center (CCDC), which will oversee the renovation of the property and serve as property manager. The Land Trust will preserve the long-term affordability of the units and promote tenant ownership through the formation of a limited equity housing cooperative which will execute a 99-year lease for the residential portion of the building.

For more information, go to www.sfclt.org.