Boost for cultural loan program 

Lately, it seems that San Francisco hasn’t been faring well when it comes to Washington politics.

First, Jobs Now, Mayor Gavin Newsom’s federally funded program to help jobless San Francisco residents find work, has been derailed as of Sept. 30 since Congress has yet to approve funding to extend it.

More recently, the mayor’s Green Finance program — which loans businesses and residents money to green their properties — came to a screeching halt this month thanks to Freddie Mac and Fannie Mae.

Yet, there is the silver lining: The mayor’s cultural loan program, which he recently kicked off to help spruce up the mid-Market Street area, is here to stay, as far as we know. The program, which is being backed by Housing and Urban Development money, already has received four pre-applications, according to the Mayor’s Office.

“We have no reason to believe that the funds from HUD are in jeopardy,” said Amy Cohen, the mayor’s director for Neighborhood Business Development. “We have apprised HUD of our plan to access these funds.”

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Erin Sherbert

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