General Information and Structure
Lender:
Low Income Investment Fund (LIIF)
Lending Type:
CDFI
Jurisdiction:
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 It is no longer active.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?:
Inactive
Years Offered:
2010
Type of Financing:
Mini-Permanent/Permanent
Loan Size Range:
Not specified
Type of Improvements Covered:
Energy efficiency
