November 2023 | Issue 9

HEART Provides $3 Million in Funding for Daly City Project

In September, HEART made a loan to the Core Companies for the development of 71 units of affordable housing at 493 Eastmoor Avenue in Daly City. HEART's $3 million will help CORE with the refinancing of an existing loan and with the project's redevelopment expenses. The project will include 45 units affordable to households making less than 30% of Area Median Income (AMI) and 26 units available to households making between 30% and 60% of AMI.

HEART is pleased to announce that South San Francisco Councilmember James Coleman has been named to the HEART Board of Directors.

We look forward to the energy and ideas he will bring to our Board!

HEART's Board of Directors is composed of 11 public officials and 10 at-large community members. Our Board Members serve three-year terms.

On September 21st, HEART welcomed over 130 people to Devil's Canyon Brewing Company to celebrate HEART's 20th anniversary. The event was a great opportunity for our private, public, and non-profit partners to network, while also raising $84,000 in sponsorships and ticket sales to support HEART's efforts.