1. Successfully Financing Mixed Use Development and Place Making Infrastructure September 26, 2011 NHC Kimberly McKay, Executive Vice President BRIDGE Housing Corporation

2. Overview: Affordable Housing Challenges Market Has No Incentive to Create High Construction Costs Land Cost/Availability Community Opposition Public Benefit Add-Ons Complicated Financing Structures Need for Gap Financing

3. One Church Street

4. One Church Street Transit-Oriented Development First Residential Development on BART Property

5. One Church Street One Church Street 93-Units of Multifamily Affordable Apartments: One-Bedroom: 30, Two-Bedroom: 35, Three-Bedroom: 28 Directly Adjacent to Public Transportation On-site Child Care Community Room Computer Learning Center Ground-Level Retail Shop Significant Community Involvementthroughout the Development Process

6. One Church Street

7. One Church Street

8. Irvington Village

9. Irvington Village Pension Fund Investment Rezone Due to State Fair Share Requirements Inclusionary Zoning City Funded NIMBY Issues State GO Bond Funding Mixed Income Master Plan/Joint Planning Effort

10. Irvington Village

11. Irvington Village

12. Mission Walk

13. Mission Walk 330 & 335 Berry Street CALTRAIN

15. Part of 2,900 units (655 affordable) to be developed in Mission Bay Redevelopment Area

16. 1 – 3 Bedrooms; 606 – 1300 SF. Average Price of $235,906

17. 114 parking spaces (incl. one car share space)

18. SFRA contributed land and $35 million in construction financing that will convert to homeowner loans

19. LEED certified

21. Mission Walk: Sources and Uses of Funds *Construction cost savings of $2MM or more will be returned to the SFRA at the end of the project.

22. Mission Walk

23. North Beach Place

24. North Beach Place Underutilized Housing Authority Land Local Monies Partnership For-Profits Non-Profits Housing Authority Redevelopment Agency Mayor’s Office of Housing

25. North Beach Place

26. North Beach Place

27. North Beach: Sources and Uses

28. North Beach: Sources and Uses

30. 516 Market Rate Homes

31. 108 Affordable Homes

32. 42,500 sf Commercial/ Retail

33. 5,000 sf Child Care Facility

35. MacArthur BART Transit Village

36. MacArthur BART Transit Village

37. MacArthur BART Transit Village

38. COMM 22

39. COMM 22 Partnering with two local nonprofits First large-scale, mixed-use, transit-oriented development for BRIDGE in So Cal Redevelopment of school district maintenance facility; vacant for 20 years Multiphasedproject: Family Rental - 130 units + retail Senior Rental- 70 units + daycare Live/work lofts + retail - 38 units + retail For-sale rowhomes - 17 units

40. COMM 22

41. COMM 22: Sources and Uses

42. COMM 22