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Bay Area Multifamily Fund (BAM)

General Information and Structure

Low Income Investment Fund (LIIF)
Lending Type: 
San Francisco, CA

The Bay Area Multifamily Fund (BAM), was launched by LIIF in 2010 in partnership with the San Francisco Mayor's Office of Housing and Enterprise Community Partners. In total, 4 properties participated in the fund. It is no longer active. The $4 million fund provided affordable loans to property owners to finance energy upgrades, and then use savings resulting from new efficiencies to pay debt service. Information on fund performance and lessons learned here: http://www.liifund.org/wp-content/uploads/2014/04/cdir_vol10issue1-Finan...

Active or Closed Program?: 
Years Offered: 
Type of Financing: 
Loan Size Range: 
Not specified
Type of Improvements Covered: 
Energy efficiency

Financing Details

When is the Product Applicable?: 

Additional Information

Program Notes: 
For retrofit of affordable housing buildings, owners first got an energy audit and then BAM fund administrators created a custom financing package that supplements existing resources. Upon completion of a retrofit, the fund supported quality assurance activities, verification inspections, and tenant and staff education and training. Audit protocol available here: http://www.liifund.org/wp-content/uploads/2011/03/SF_housing_retrofit_audit_protocol-2010.pdf