Nihonmachi Terrace - San Francisco, CA
DGI assisted JARF and JSCo NT, LLC to refinance and recapitalize a 1975 HUD financed property that provides 245 units of multi-family rental housing for low income seniors and families in the Japantown neighborhood of San Francisco.
Client/Partner: Japanese American Religious Federation Housing, Inc. (JARF) and JSCo NT, LLC
Total Development Costs: $38 million
Funding Sources: 4% Federal LIHTC, Private Activity Tax Exempt Bonds, FHLB Affordable Housing Program (AHP), HUD Interest Reduction Program (IRP)