Bisnow, by Jacob Bourne

San Francisco’s South of Market neighborhood is slated to get more affordable supportive housing units to help alleviate the city’s 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’s 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.

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