The Partnership for the Bay’s Future and its Investment Fund prioritizes regional collaboration, policy and private-public resources to address the San Francisco Bay Area’s interconnected challenges of housing, transportation, and economic opportunity. The partnership includes the San Francisco Foundation, the Chan Zuckerberg Initiative, the Ford Foundation, Facebook, Genentech, the William and Flora Hewlett Foundation, the David and Lucile Packard Foundation and Silicon Valley Community Foundation.
LISC manages the Partnership's $500 million Investment Fund, one of the largest in the nation, that aims to preserve and produce affordable housing throughout the region. National affordable housing experts CSH and also Capital Impact Partners have been tapped to originate investments out of the Fund. Morgan Stanley is also providing capital.
The Investment Fund is structured to address the financing gap that limits the ability to preserve and produce affordable housing. CSH has an initial investment in the Fund up to $10 million, which enables us to originate just under $14 million in loans.
“What excites us about The Partnership for the Bay’s Future is the effort to make sure vulnerable people, often at the lowest end of the income scale, are included in this larger affordable housing initiative. We also appreciate partners prioritizing how best to interconnect housing and vital services. These linkages are the mainstay of supportive housing and the discussions now taking place are a critical first step toward effectively integrating affordable places to live with other services and sectors to address societal challenges and build stronger, healthier communities. The Partnership is expanding on previous efforts by promoting collaboration in the wider region, and providing the direction, action and added investment to help get it done.”
Brigitt Jandreau, Chief Lending Officer, Corporation for Supportive Housing
For more information, contact our Loan Experts.