Rain early...then remaining cloudy with showers in the afternoon. Potential for heavy rainfall. High near 60F. Winds SW at 10 to 15 mph. Chance of rain 100%. Rainfall around a half an inch..
Partly cloudy this evening followed by increasing clouds with showers developing after midnight. Low 52F. Winds SW at 10 to 15 mph. Chance of rain 60%.
Updated: April 21, 2026 @ 4:55 am
The Metropolitan Transportation Commission committed $10 million Wednesday to establish a loan fund to help nonprofit developers acquire and preserve existing San Francisco Bay Area housing, MTC officials said.
The money can be used for multi-family housing that is in high-frequency transit service areas and would be affordable for low- and middle-income renters.
The $10 million will be supplemented with $39 million from two other funds known as the Enterprise Community Loan Fund and the Low Income Investment Fund.
Nonprofit developers and joint venture partnerships can tap the fund for loans of up to $7 million for terms as long as 10 years to buy non-subsidized apartment buildings with at least four units.
Rents for at least three-quarters of the units must be affordable for households whose annual income is no more than 80 percent of the Bay Area’s median income.
In the Bay Area the median income ranges from $64,300 to $105,350 depending on the county.
Borrowers can also use a loan to fund an operating reserve for the acquired property, perform life safety upgrades and limited other rehabilitation work.
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(3) comments
Follow the money and see who gets rich from the construction? Probably someone connected to a Kalifornia Democrat.
How did the MTC get $10 million to loan out, and why is it being used for housing instead of improving transportation?
I believe the word your are looking for is siphoned
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