San Francisco Community Investment Fund | New Markets Tax Credit Coalition

SF Jazz Center

SF Jazz Center is the first facility on the West Coast fully dedicated to jazz music history, education and performance. The center will serve 10,000 children and adults annually through classes, exhibitions and rehearsals. In addition, the project will create job opportunities for over 250 local musicians and 200 independent contractors annually. The NMTC provided financing for the construction of this culture-enhancing community asset in a severely distressed area of San Francisco.

College Track San Francisco – Student Success Program

College Track provides education, mentoring, job training and counseling services to youth in low-income communities with a focus on preparing students for college admissions as often the first in their family to attend college. The NMTC supported College Track’s funding for a new building in the Bayview Hunters Point neighborhood in San Francisco.

Boys and Girls Club of San Francisco Fulton Street Clubhouse

In 2013, Boys & Girls Clubs of San Francisco received NMTC financing to support construction of a new 30,000 square-foot Clubhouse in the Western Addition. The goal was to serve a total of 2,000 children and teens annually, ages 6-18, with an average daily attendance of 190 – spread proportionally across elementary, middle, and high school ages. This new Clubhouse replaces the old Ernest Ingold Club on Page Street in the Upper Haight, which was built in 1952. The old facility is worn from decades of use with old infrastructure (plumbing, electrical, heating), aged bathroom facilities, an inefficient layout, and no energy efficient systems. That said, the primary reason for the new Clubhouse is to relocate. The children and teens served do not live in the Upper Haight, but instead largely live in the Western Addition, Lower Haight and Hayes Valley. Moving the Club aligns with our mission of “serving the youth who need us the most”.

ACT Strand

American Conservatory Theater (A.C.T.) is a nonprofit theater company operating in San Francisco. A.C.T.’s performance, education, and outreach programs benefit over 250,000 people annually. Clearinghouse CDFI provided $14.6 million of NMTC allocation and $2.4 million of Historic Tax Credits for this $35.6 million project. A dilapidated and abandoned theater will be transformed into a vibrant performing arts and education center. Redevelopment will create 75 construction and permanent jobs. The new A.C.T. Theater will strengthen and inspire the diverse community in a severely distressed area of San Francisco.

Meals on Wheels Kitchen

Meals on Wheels San Francisco (MOWSF) plans on making sure no homebound senior in the City goes hungry. The nonprofit has begun construction on a $41.5 million state-of-the-art industrial kitchen and food production facility in Bayview to replace its current kitchen which produces approximately 8,000 meals daily. The new kitchen will have the ability to produce up to 20,000 meals per day to meet the needs of the growing population of food insecure older adults 60 and older in San Francisco. That population, according to the Department of Aging and Adult Services (DAAS), will have grown by 27 percent within the next 11 years. The new kitchen is important to our community; without it, in just 2-3 years, we would cease being able to serve the most vulnerable seniors, many living on less than $900 a month,” explained Meals on Wheels San Francisco CEO and Executive Director, Ashley McCumber. “We’re seeing approximately 1,200 new older adult clients each year who are depending on us to help them age with dignity and independence in their homes. Our new kitchen and production facility will allow us to be there for thousands of seniors today, tomorrow, and for many decades to come.” Approximately 80 percent of the funds for the new kitchen have been secured through private donations and government support made during the 50th Anniversary Capital Campaign. In order to meet the project construction timeline, MOWSF secured New Markets Tax Credit (NMTC) financing which will deliver $8.1 million to the project. The San Francisco Community Investment Fund and Community Impact Partners, Community Vision CA, and Chase Bank, are supporting the build via NMTC. The San Francisco Office of Economic and Workforce Development is also supporting the expansion with a $1 million grant. The remaining $8 million of the $41.5 million project still needs to be raised through the ongoing capital campaign.