Thanks to your investment in the San Francisco Foundation’s Bay Area Community Impact Fund, we are thrilled to announce that the foundation has made a new $1.5 million loan from the fund to Central City Hospitality House (“Hospitality House”). This loan will help them purchase the 6,800 square-foot building where they operate their Community Arts Program.
Hospitality House was founded in 1967 and serves residents of San Francisco’s Tenderloin, Sixth Street Corridor, and Mid-Market neighborhoods struggling with homelessness, poverty, and the range of other socioeconomic issues facing residents here.
The Community Arts Program provides free arts studio and gallery space for artists and neighborhood residents. Each year, this program serves more than 3,500 artists with free materials and space to create, house, exhibit and sell their artwork. Sixty percent of their clients are people of color, twenty percent are seniors, and one third are unhoused.
The loan will preserve the space on Market Street as a permanent arts and cultural asset, aligning our work and strategy to build thriving communities with vibrant public life.
Since inception, the Bay Area Community Impact Fund has made 31 loans totaling $35 million in impact investments in the Bay Area. With your partnership, we have expanded BACIF to $36 million and continue to receive more requests for funding than we can meet.
Thank you for investing in organizations who use arts and culture for creative placemaking. You are helping build healthier, stronger communities, facilitate social change and promote community action!
Read more stories about the fund’s borrowers and their impact in the Bay Area.
