Projects

Location: San Francisco
TOAH Fund Financing: $4.5 million
Housing Units:110
Retail space: 13,000 square feet

Mercy Housing California, one of the country’s largest nonprofit developers of affordable housing, partnered with Openhouse, a nonprofit that provides housing and support services to lesbian, gay, bisexual, transgender (LGBT) older adults, to develop 110 units of affordable senior housing. This is San Francisco’s first affordable housing project dedicated to low-income LGBT seniors. Northern California Community Loan Fund (NCCLF) originated the loan through the Bay Area Transit-Oriented Affordable Housing (TOAH) Fund, to finance the acquisition of the property in the Hayes Valley neighborhood of San Francisco. The development is within a few blocks of several bus and rail lines.

Location: San Francisco, CA
TOAH Fund Financing: $4.0 million
Housing Units: 172
Retail Space: 9,000 square feet

The Tenderloin Neighborhood Development Corporation will build a 172-unit, mixed-income rental housing development with 35% of the units reserved for low-income families. The building will also feature ground floor retail and commercial space. The site is located in the South of Market neighborhood near several major bus lines and the Powell BART station.

Location: San Jose, CA
TOAH Fund Financing: $2.9 million
Housing Units: 64
Retail Space: 7,000 square feet

First Community Housing, a pioneer of green building in the Bay Area, will build a mixed-use, affordable, green, senior housing development in San Jose. All 64 units will be affordable, senior housing and 35% will be dedicated to residents needing in-home services. The commercial space will house dental offices. The development is located near a VTA Light Rail station and the developer plans to provide free transit passes for all residents.

Location: San Francisco, CA
TOAH Fund Financing: $7.2 million
Housing Units: 153
Retail Space: 12,000 square feet

In 2011, in the shadow of the recession, the Bay Area TOAH Fund provided financing to the Tenderloin Neighborhood Development Corporation’s (TNDC) Eddy and Taylor Family Housing. In an example of TOAH’s patience and flexibility, it took six years to break ground and begin transforming the half-acre parking lot into multifamily affordable housing. The project will include 113 units of affordable housing and a 5,000 square foot grocery store. This will be the first full service grocery store in the Tenderloin, a neighborhood classified as a “food desert.” The development, which includes 67 two-bedroom units and 15 three-bedroom units, will provide critically-needed homes for families as well as 30 units of housing for homeless and formerly homeless, at-risk and disabled adults. While it is one of the poorest communities in San Francisco, the Tenderloin is a transit-rich location. There are 28 transit routes within a three-block radius of the site. The TOAH Fund helped TNDC weather the uncertainty of recession and created a pathway to other resources, resulting in a successful mixed use development in a transit rich neighborhood.

Location: Hayward, CA
TOAH Fund Financing: $1.5 million
Housing Units: 60
Retail Space: 6,000 square feet

Meta Housing Corporation used a TOAH loan in 2013 to acquire a one acre vacant lot located within three blocks of the BART station in downtown Hayward. Meta will build a 60-unit affordable rental development for low-income seniors on the lot. The project is located in a commercial and retail corridor in downtown Hayward providing access to a wide-range of amenities including shops, parks, libraries, transit, grocery stores and restaurants. Meta will partner with Alternative Home Care (AHC), a senior home care provider, to provide on-site supportive services. EngAGE: the Art of Active Aging, will provide voluntary wellness and community support services to all tenants including transportation coordination, health education, and adult day health. Given that Hayward has a large population of senior renters, double the poverty rate of neighboring cities, and increasing rental prices, Downtown Hayward Senior Apartments will provide seniors with needed affordable housing options. This is the first affordable senior housing development in the city since 2008.

Location: Oakland, CA
TOAH Fund Financing: $1.8 million
Housing Units: 117
Retail Space: 20,000 square feet

The East Bay Asian Local Development Corporation will build a mixed-use affordable housing and commercial development in the San Pablo Avenue Corridor, a major rapid transit corridor connecting West Oakland to several cities in Alameda County. The West Grand Development will include 117 units of affordable housing, along with a ground-floor community space and childcare center. The site has access to AC Transit bus lines and BART.