Mayor Lee announced the San Francisco Community Investment Fund was awarded $45 million in New Markets Tax Credit allocation to support private investment in non-profits and businesses that directly serve San Francisco’s most economically distressed, low-income communities. 

“We must ensure that the city’s emerging non-profits and businesses secure the financing they need to succeed to build and serve our communities,” said Mayor Lee. “These tax credits allow these businesses and nonprofits to start, stay, and grow in San Francisco and create local jobs and opportunities that help our city thrive.”