The Development Fund

Since 1963, The Development Fund has sought innovative financing measures that attract private-sector capital for community development. The nonprofit has created 13 financing intermediaries in ten states including affordable housing, small business financing, and other community investment initiatives. These programs have resulted in over two billion dollars in new private sector financing from 300 financial institutions and corporations.  In the San Francisco region, the Development Fund has partnered with A. F. Evans Company, a West Coast affordable housing developer, to make homes more affordable to buyers through a $75 million Bay Area Workforce Housing Equity Fund, which enables buyers to purchase homes at approximately 10-15 percent below market prices.

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