Source: abc7news.com
Nonprofits are becoming the latest victims of San Francisco’s skyrocketing rent prices, as rapid development continues to cause spikes in commercial real estate prices. Unfortunately, the nonprofits facing eviction are also the ones serving the most vulnerable members of the community. Rising rent prices forced Lutheran Social Services to move from South of Market to the Tenderloin and may also displace the St. Vincent de Paul Society when the organization’s lease expires next year. According to Supervisor Jane Kim, in order to keep agencies like these afloat, the city is funding mitigation programs and looking into buying buildings specifically to house nonprofits.
Read full story at: abc7news.com