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

More documents

Recommendations

Info

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 St. Anthony’s dining room was in an outdated, inefficient, hundred-year old building that was previously used as an auto repair shop.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)
San Jose Environmental Center innovating green technology
Page 1 and 2: Northern California Community Loan
Page 3 and 4: A Message from NCCLF’s President
Page 5 and 6: Celebrating Twenty-five years of se
Page 7 and 8: Twenty-five years of NCCLF’s Lend
Page 9 and 10: Twenty-five years of NCCLF’s Cons
Page 11 and 12: New Market Tax Credits revitalizing
Page 13 and 14: Social Impact: Bringing New Capital
Page 15 and 16: Sources of Loan Capital Government
Page 17 and 18: Axis Community Health low-income co
Page 19: St. Anthony Foundation providing A
Page 23 and 24: JPMorgan Chase supporting affordabl
Page 25 and 26: Condensed Statement of Financial Po
Page 27 and 28: Donors WE ARE GRATEFUL FOR THE GENE
Page 29 and 30: Investors (continued) Banks Norther
Page 31 and 32: Our Staff Greetings from all of us

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?