Bisnow, by Jacob Bourne
San Francisco鈥檚 South of Market neighborhood is slated to get more affordable supportive housing units to help alleviate the city鈥檚 homelessness crisis.
Merchants Capital just secured a construction loan from Merchants Bank of Indiana for the development of an affordable housing project at 53 Colton St. in San Francisco鈥檚 South of Market area, according to a press release. Developed by Strada Investment Group and Community Housing Partnership, Merchants Capital provided the Low-Income Housing Tax Credit equity bridge loan in addition to the construction loan.