MTC Approves Funds to Help Preserve Multi-Family Affordable Housing

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The Metropolitan Transportation Commission has committed $10 million to establish a new revolving loan fund known as the Bay Area Preservation Pilot Fund. When it’s launched later this year in partnership with LIIF and Enterprise Community Loan Fund, this $49 million fund will help nonprofit developers acquire and preserve multi-family, transit-accessible affordable housing in the San Francisco Bay Area.

Learn more in the San Mateo Daily Journal.