Bay Area Housing Innovation Fund
Funding Amount
$100 million fund (loan amounts vary by project)
Deadline
Deadline not published
Grant Type
Foundation
Overview
A first-in-nation fund designed to change the way affordable housing is financed in the Bay Area. The fund provides loans to developers who can meet ambitious quality, cost, and time goals for affordable housing construction.
Geographic Scope: Bay Area, California
Focus Areas:
- Deliver high-quality affordable homes faster and for less
- Reduce per-unit costs (targeting below $800,000 per unit vs. current $800,000+)
- Compress construction timelines (targeting under 5 years vs. current 5-10+ years)
- Permanent supportive housing for seniors and individuals experiencing homelessness
Fund Size: $100 million
Key Statistics:
- First-in-nation fund (announced December 10, 2025)
- Funding allocation: Mezz (mezzanine) loans and permanent loans available
Projects Financed:
Geographic Focus: Bay Area, with projects in San Francisco and Santa Cruz County
Address: 564 Market St, Suite 225, San Francisco CA 94104
How to Apply
Application Information
Status: NOFA (Notice of Funding Availability) forthcoming—sign up to receive alerts about the NOFA
Required Materials:
- Term sheets available for review: Innovation Fund Mezz Loan Term Sheet and Innovation Fund Perm Loan Term Sheet
Application Process:
Detailed application procedures to be announced with NOFA release. Prospective borrowers should review available term sheets and sign up for alerts.
What The San Francisco Housing Accelerator Fund actually gave
Source: IRS Form 990, 2021 — the most recent filing with itemized grants
The San Francisco Housing Accelerator Fund reported $4,000 in grants for 2023 as a total without an itemized list; the grant details below are from 2021, its most recent itemized filing.
- Grants in 2021
- 2
- Total given
- $119K
- Median grant
- $60K
- Range
- $11K–$109K
- By dollars: California 100%. Top recipient cities: San Francisco, CA.
Example grants
Meda HAF Small Properties LLC · San Francisco, CA
Operating deficit grant
$109K
270 Turk GP LLC · San Francisco, CA
Operating deficit grant
$11K
Focus Areas & Funding Uses
Fields of Work
- Affordable housing
- Housing
- Supportive housing
Categories
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Deadline
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