NCCLF's 2012 Annual Report - Northern California Community ...

Since 1950, San Francisco’s St. Anthony
Foundation has been a gateway out of poverty
for the most vulnerable among us: seniors,
veterans, the physically disabled, the mentally
and addictively ill, the unemployed and
underemployed. The organization runs a medical
clinic open to all, provides free hot meals, and
hosts two monthly food distribution programs,
giving groceries to nearly a thousand low-income
residents and seniors.
St. Anthony’s dining room was in an outdated,
inefficient, hundred-year old building that was
previously used as an auto repair shop. When
the foundation was ready to build a new dining
room, they turned to NCCLF’s experts to help
them navigate the process. NCCLF showed them
how to use New Market Tax Credit financing,
structured the project financing, connected them
with a project team, and identified the tax credit
investors.
“St. Anthony’s couldn’t have done the financing
for our new dining room without the expertise
and strong support from NCCLF. They held our
hand every step of the way,” says St. Anthony’s
CFO, Juliana Grenzeback. “NCCLF played a key
role in helping St. Anthony’s build a new dining
room that will continue to feed the hungry in San
Francisco for generations to come.”
Construction for the new dining room is
underway. By the end of 2013, it will be ready to
serve thousands of hungry visitors and volunteers
who will enjoy their meals in a more spacious,
up-to-date, and welcoming building.
“St. Anthony’s couldn’t have done the financing
for our new dining room without the expertise
and strong support from NCCLF.”
Cover photo: A mother and child enjoy a meal together
in St. Anthony’s dining room. (Photo by Julio Martinez)