Highlighting HAF’s impact as of December 31, 2020.
A new way to invest in affordable housing
The SFHAF is looking to expand our growing team with a Loan & Program Analyst who’s excited to help manage our expanding loan portfolio and internal finances, and also to jump in on a range of “start up” related office management tasks and other policy and administrative work as needed. This role is based in San Francisco. We are open to discussing a structured part-time or full-time position depending on the candidate. More information can be found here.
The SFHAF is thrilled to announce the expansion of our team. We welcome our first hire as an organization, Abby Murray, who has joined us as a Loan & Portfolio Associate. We have also appointed two new members of our Board of Directors, Meg Spriggs and Tyler Van Gundy. Finally, the SFHAF has launched its new advisory team with Nadia Sesay and Kate Hartley as its founding members.
Each individual brings extensive and unique experience to our organization:
- Abby Murray: Abby joined the SFHAF in 2017 to support loan monitoring and portfolio expansion. She has experience in urban economic development and real estate finance, and most recently was a graduate intern with the Community Development Finance group of Silicon Valley Bank and a finalist in the Bank of America Merrill Lynch “Low-Income Housing Challenge.” Abby previously worked in New York as an economic development consultant with HR&A Advisors and as the operations manager for a nonprofit business improvement district. She received her BA magna cum laude from Amherst College and completed her MBA at the Yale School of Management.
- Meg Spriggs: Meg is currently the Managing Director of Shorenstein Properties LLC‘s Multifamily Investments Group. Ms. Spriggs has received recognition as an innovative and influential business leader, most recently she was among the San Francisco Business Times’ “Most Influential Women in Bay Area Business” for years 2014, 2015, and the “Forever Influential Honor Roll for Exceptional Women Leaders” in 2017. In 2013, she was in the top 40 list for the Bay Area’s brightest rising stars under the age of 40. Ms. Spriggs is a member of the Urban Land Institute, Lambda Alpha International, and the San Francisco Urban Planning and Research Association. Ms. Spriggs also serves on the board of directors for the Yerba Buena Center for the Arts, and is a founding board member and Board Chair of ArtCare, in support of the public and civic arts programs of the San Francisco Arts Commission.
- Tyler Van Gundy: Tyler is currently Senior Vice President at Hunt Companies, Inc. Prior to Hunt over 9 years of experience structuring and managing investment funds for real estate, affordable housing, energy efficiency, renewable energy, microcredit and primary care development. He specializes in sourcing and combining public, private and philanthropic capital to create efficient investment platforms and products.
- Nadia Sesay: Nadia is a former board member who has transitioned to our advisory team. Nadia Sesay was appointed the Director of the Controller’s Office of Public Finance for the City & County of San Francisco by Mayor Gavin Newsom in March 2005. The Office of Public Finance manages the City’s $3.1 billion municipal debt portfolio, oversees the issuance of all new debt secured by property taxes and general fund sources, and initiates the City’s debt policies and procedures and provides technical expertise for the preparation and monitoring of the Ten-Year Capital Plan. In addition, Ms. Sesay and her staff provide financial analysis to the Mayor, Board of Supervisors, Commissioners and department heads. Ms. Sesay has been with the Office of Public Finance for nearly 17 years, serving as Financial Administrator and Bond Associate prior to her appointment as Director. Ms. Sesay also sits on the San Francisco Community Investment Board and serves as Chair of the Oversight Board of the Successor Agency to the Redevelopment Agency of the City and County of San Francisco. Ms. Sesay was awarded San Francisco’s Public Managerial Excellence Award for exemplary leadership, fiscal ingenuity and vision in 2010.
- Kate Hartley: Kate’s 25 years of housing development work includes a wide range of experience. As an affordable housing developer, she built for-sale, rental, special needs, and senior homes. She spent four years as an affordable housing financial consultant, specializing in tax credit syndications, tax-exempt bond financings, and expiring federal mortgage recapitalizations. As a project manager with the San Francisco Redevelopment Agency, she closed multiple transactions involving layered and varied funding sources, while also supervising architectural design, community outreach, and interdepartmental project approvals. Ms. Hartley also worked for five years as a for-profit development project manager, overseeing warehouse conversions to residential use. As Acting Director of MOHCD, she is responsible for a $220 million annual housing and community development budget, which serves low- and middle-income households, special needs populations, and diverse communities throughout the city. Most recently, she led the closing of MOHCD’s $2 billion public housing recapitalization program, which will rehabilitate and preserve 3,500 units of housing for extremely low-income households.
Our Executive Director, Rebecca Foster, will join the panelists below at SPUR’s upcoming panel: The Who and How of Paying for Affordable Housing. Who pays, and how they pay, for affordable housing is one of the biggest hurdles to getting projects constructed. But innovative funding options may help streamline the process. Join a panel of experts for a conversation about new ways to finance affordable housing and learn about the Bay Area’s newest funds, which will create more nimble financing tools that can act quickly in this fast-moving market. Rebecca will join the following in this discussion:
+ Rich Gross / Enterprise Community Partners
+ Kevin Zwick / Housing Trust Silicon Valley
Event Details: 12:30 pm || Tuesday August 15th || SPUR Urban Center, 654 Mission Street, San Francisco. Tickets can be purchased here.
Our Executive Director, Rebecca Foster, will be speaking at the upcoming TechEquity Panel, The Missing Middle: The housing crisis hits middle income earners. The housing crisis is impacting the most vulnerable among us as well as the essential professionals who hold our communities and economies together. As more of these stable, middle income professionals flee the area, the bigger the “Missing Middle” becomes. The panel is moderated by Alex Lofton, Head of Growth and Co-founder of Landed. Rebecca will be joining:
- Zac Shore, Director of Development, Panoramic Interests
- Laura Duran, Guidance Counselor, Menlo-Atherton High School
- Elizabeth Brady, Partner, Oak Brook Partners
- Kate Hartley, Acting Director, SF Mayor’s Office of Housing and Community Development
Learn more and get your ticket here!
SFHAF is looking to expand its small, but growing team with an experienced loan administrator who’s excited to help build our organization and jump in on a range of “start up” related tasks and other policy and administrative work as needed. This role is based in San Francisco. We are open to discussing a structured part-time or full time position depending on the candidate. Read more about the role here, and submit your application.
The SFHAF closed on our second loan: $9mm to BRIDGE for a land acquisition project that will bring 134 units of future housing to San Francisco’s Outer Mission Excelsior District. This is The Fund’s first loan in its Vacant Land Program. Read more here.
The Fund closed our first loan, $3.3mm to Mission Economic Development Association, for the acquisition of a 6-unit building in the Mission at 1411 Florida. Read more here.