Bay Area Housing Innovation Fund

We’re on a mission to change the way we finance new affordable housing.

The way we currently finance affordable housing drives up cost and time, leading to price tags of $800,000+ per unit and timelines that stretch from five years to over a decade.

We can change that by radically simplifying the goals:
deliver high-quality homes faster and for less. 

For developers who can make good on our quality, cost, and time goals, a loan from the $50 million Bay Area Housing Innovation Fund will remove the financing uncertainty that drags down many feasible projects. 

Bay Area Housing Innovation Fund Projects

1633 Valencia Street, San Francisco

$16 million Bay Area Housing Innovation Loan

Expected January 2026 (3 years) at $540,000 per home

Developed by Mercy Housing California (MHC), this project will add 145 new units of permanent supportive housing serving seniors age 55 and older experiencing or at imminent risk of homelessness. The six-story building replicates the efficient design of Mercy and HAF’s Tahanan community at 833 Bryant Street (delivered in partnership with Tipping Point Community). 1633 Valencia utilizes the cost and time efficiencies of a design-build construction process in lieu of modular design.

more projects coming soon!

In the News

Bay Area Housing Innovation Fund Founding Partners