Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Skip to content

LIIF Loan to Bernal Heights Housing Corporation Featured in San Francisco Bay Area News Stories

LIIF has closed on a $5.28 million secured acquisition and predevelopment loan to Bernal Heights Housing Corporation (BHHC), a well-established, place-based affordable housing developer. With LIIF’s loan, BHHC purchased a ~1.1-acre site consisting of a vacant 16,000-square-foot former Big Lots retail building, a 49-space podium parking garage and an adjacent surface parking lot at 3333 Mission Street.

As the project is eligible for a fast-tracked ministerial entitlement approval process, BHHC will be able to quickly redevelop the site into a residential condo parcel consisting of proposed new construction of 70 units of affordable housing for seniors with household incomes ranging from 25-60% Area Median Income (AMI) and a commercial condo for the conversion of the former Big Lots store into a mix of artist working studios, live/work lofts, community gallery and community nonprofit space.

Read the SFGate article.

Read the Mission Local article.

The nonprofit, with a loan from the Low Income Investment Fund, a nonprofit that invests in affordable housing, purchased the property last month.

Mission Local article
LIIF in the Media