Search

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
• Mini-permanent loans

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

ANNOUNCEMENTS

Speaker Pelosi Helps Celebrate LIIF-Supported Affordable Housing Project

House Speaker Nancy Pelosi and LIIF President and CEO Nancy O. Andrews recently spoke at a celebration for the Nihonmachi Terrace project in San Francisco. LIIF provided predevelopment funding for Nihonmachi Terrace, which will preserve 245 units of affordable housing, primarily for seniors and low income families. Read More.

 

IMPACT

In FY08 (July 1, 2007 – June 30, 2008) LIIF’s San Francisco office provided 10 loans and 146 grants for affordable housing, quality child care and schools totaling approximately $15 million. This activity has benefited 20,000 low income individuals in Northern California and supported:

• 835 units of affordable and supportive housing;
• 736 classroom desks.

PROJECT FEATURE

Affordable Tenant Homeownership in San Francisco, California

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.