SF Nonprofit Gets Around High Rent by Buying Its Building
Mission Child Care Consortium is a early care and education center serving mostly low income kids in San Francisco since 1969. Thanks in part to a $3.6 million loan and $800,000 grant from LIIF, the center was able to buy its building and ensure its viability for years to come.
The center — which cares for 224 children, making it the largest subsidized early education center in the city — occupies a 25,000-square-foot building on a palm tree-lined street in the Excelsior. Pizza restaurants and local businesses crowd the working-class area. Rent for the space at 4750 Mission St. started at $28,000, then inched up to around $42,000. The nonprofit’s leaders were prepared to close down. But then they did something radical: With help from a mix of city loans and grants, they bought the building for $5.7 million.