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 seven Small Sites Preservation loans, highlighted below, focused on protecting vulnerable low-income tenants from displacement in the Mission neighborhood:

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4830 Mission St

Closing Date: July 25, 2018
Sponsor: MEDA 
Total Loan Amount: $13,248,000     

Impact: 21 residential units + six commercial


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65-69 Woodward Street

Closing Date: February 22, 2018
Sponsor: MEDA 
Total Loan Amount: $3,047,708

Impact: 6 residential units 


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2093 Mission Street

Closing Date: January 4, 2018
Sponsor: MEDA 
Total Loan Amount: $8,841,800     

Impact: 16 total units: 11 mixed-income residential + 5 commercial


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60 28th Street

Closing Date: December 4, 2017
Sponsor: MEDA 
Total Loan Amount: $2,941,844      

Impact: 6 mixed-income residential units at 65% AMI


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305 San Carlos

Closing Date: October 31, 2017
Sponsor: MEDA 
Total Loan Amount: $5,726,568     

Impact: 10 residential + 2 commercial + 2 ADU at 60-65% AMI


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1411 Florida

 Closing Date: May 24, 2017
 Sponsor: MEDA 
 Total Loan Amount: $3,510,000  

 Impact: 7 units at average 80% AMI

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654 Capp Street

 Closing Date: May 30, 2018
 Sponsor: MEDA 
 Total Loan Amount: $3,577,800  

 Impact: 7 units at average 61% AMI