BIPOC Homeownership

BIPOC Homeownership

Permanently Affordable

The purchase of 285 Turk St by San Francisco Community Land Trust (SFCLT or Company), located in the heart of the bustling Tenderloin neighborhood at the intersection of Turk and Leavenworth, is expected to stabilize 40 units of housing and keep them affordable in perpetuity. There are 40 residential apartments in the building, with 11 one-bedroom and 29 studio units. 17 of the units have been renovated in the last 5 years. Vacant units not renovated are in reasonable condition.

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Industry
Real Estate
Min Investment
$1,000
Location
San Francisco, CA
Offering Date
August 31, 2021
Expected Close Date
December 15, 2021
Security Price
$1,000

Management

Saki Bailey, Executive Director
Decade of experience in nonprofit management and program development roles; a decade of experience in facilitation, teaching and training roles both in the academic and non-profit sectors with a focus on the legal regulation around Community Land Trusts, Co-op formation, and incorporation. Saki is a published author on property law, community land trusts, and the commons with three books and multiple articles published by both academic and non-academics publishers and journals translated into multiple languages. Saki is an educator and trainer on community land trusts, coops, and other shared equity ownership models based on her six plus years of research on the topic and serves currently on the board of the California Community Land Trust Network and its policy committee in advancing legislation for Community Land Trusts and Limited Equity Housing Cooperatives.

Research Reports

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Key Deal Facts

2% debt
9 year expected term
Advancing BIPOC cooperatives
Preventing displacement
40 permanently affordable units

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