LIIF continues to invest in the co-location of child care with affordable housing. We were honored to be part of today’s site visit for MNC Inspiring Success’ brand-new facility serving San Francisco’s Mission District at 1954 Mission St.
In September 2020, LIIF provided a $1.7 million leverage loan and a $2.4 million New Markets Tax Credit (NMTC) allocation to finance tenant improvements and fit-out of this 8,150-square-foot early care and education (ECE) facility. Now fully enrolled with 42 children served — including six infants, 16 toddlers and 20 preschool children — the center is located on the ground floor of a multistory affordable housing building, with the families of eight of these young ones living at the property.
