Featured:

Mission Neighborhood Centers

San Francisco, CA (2020)

COMMUNITY IMPACT
  • 12 FTE jobs
  • 5 construction jobs
  • 42 childcare slots
FINANCING SOURCES
  • NMTC amount: $2,440,000
  • Total Project Costs: $3,956,956
  • CDE:
PROJECT LOCATION

1950 Mission Street

San Francisco, CA 94103

Project Description

MNC is an early care and education operator in San Francisco. We established a NMTC fund to finance a couple of ECE projects due to the increasing cost of real estate. MNC is leasing a commercial space in a newly constructed affordable housing project in the Mission district of SF. We provided a $2.44M allocation as part of the leasehold buildout of their space. The Leverage Loan was fully funded by a grant so, it is anticipated that both the A and B notes will be forgiven at the unwind.

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