TRANSACTIONS NEWSLETTER ONLINE

Spring 2011

In the News:
MTC Seeds Affordable Housing Loan Fund

Transit-oriented development and affordable housing — both key elements of the Bay Area’s long-term sustainability equation — are coming together in a creative way with the launch of the Bay Area Transit-Oriented Affordable Housing Fund. Officials from MTC joined with the private and nonprofit sectors in late March to announce the revolving loan program. The setting for the press conference was a parking lot in San Francisco’s hard-pressed Tenderloin neighborhood that will soon sprout an attractive, 14-story apartment complex with 150 affordable family units — to be built with the help of a $4.8 million loan from the fund.

Earlier in the day of the press event, MTC approved $10 million in seed money for the $50 million loan fund; other investors include Morgan Stanley, Citi Community Capital, The Ford Foundation, the San Francisco Foundation and Living Cities. It is expected that the fund will spawn up to 3,800 housing units over its initial 10 years, with the bulk of those for low-income families.

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Transactions Spring 2011 Issue: Contents

• Ed Roberts Campus Becomes Mecca for Disability Community
  • The Man Who Gave the Ed Roberts Campus Its Name
  • Meet the Owners/Tenants of the Ed Roberts Campus
• San Francisco-Oakland Bay Bridge: East Span Update
• In the News: MTC Seeds Affordable Housing Loan Fund
• Facts & Figures: Clipper Electronic Payment Eclipsing Paper Passes