Bay Area Transit-Oriented Affordable Housing Fund
The $50 million Bay Area Transit-Oriented Affordable Housing (TOAH) Fund provides financing for the development of affordable housing and other vital community services near transit lines throughout the San Francisco Bay Area. Through the Fund, developers can access flexible, affordable capital to purchase or improve available property near transit lines for the development of affordable housing, retail space and other critical services, such as child care centers, fresh food outlets and health clinics.
The TOAH Fund was made possible through a $10 million investment from the Metropolitan Transportation Commission. CSH is one of five leading community development financial institutions participating in the fund, which includes Enterprise Community Loan Fund, LISC, Northern California Community Loan Fund, Opportunity Fund, and The Low Income Investment Fund who serves as the Fund Manager. Additional capital for the Fund was provided by Citi Community Capital, Morgan Stanley, the Ford Foundation, Living Cities, and the San Francisco Foundation.
CSH’s involvement in the TOAH Loan Fund will support the creation of supportive housing – housing that is affordable to extremely low income tenants and coupled with supportive services – in areas close to jobs, services and transit. Tenants will enjoy increased access and an improved environment.
Visit the BAY AREA TOAH Fund website For More Information.
Contact us to find out how the Fund can help with your project.