The Small Sites Program
The vast majority of the San Francisco’s existing rent-stabilized housing is in small buildings. The Small Sites Program has become one of the City’s signature housing preservation programs, protecting vulnerable tenants from displacement and abuse. The key to success for this program is simple: flexible and patient acquisition and construction capital to reposition the buildings, including rehabilitation, rent reorganization, and transitioning to long-term regulatory agreements.
Since its launch in April 2017, SFHAF has executed five Small Sites Preservation loans, highlighted below, focused on protecting vulnerable low-income tenants from displacement in the Mission neighborhood: