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Youth Development Gets $25M

SAN FRANCISCO-US Bank commits financing to help the Boys & Girls Clubs of San Francisco build a new Clubhouse and administrative headquarters

By Natalie Dolce | Updated on July 23, 2013

SAN FRANCISCO-US Bank has committed nearly $25-million of financing to help the Boys & Girls Clubs of San Francisco build a new Clubhouse and administrative headquarters in the Western Addition. Opening in November 2014, the Don Fisher Clubhouse will allow the BGCSF to better serve youth in the city’s Western Addition, Lower Haight, and Hayes Valley neighborhoods.

US Bank’s commitment includes a $14.5-million capital campaign bridge loan and a $10.2-million New Markets Tax Credit equity commitment made possible through a partnership with Opportunity Fund, San Francisco Community Investment Fund, and USBCDE, US Bank’s community development entity.

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