San Francisco’s Housing Accelerator Fund is picking up velocity.
The nonprofit that has a proven track record of using creative approaches to lower the cost of affordable residential construction, has raised another $50 million for its Bay Area Housing Innovation Fund, bringing total investment to $100 million.
The fund, created to provide fast, flexible and low-cost financing that removes the uncertainty of added costs to affordable housing projects, will help to finance and build more than 1,000 affordable homes cumulatively in the next two years…