San Francisco approves $61M in tax-exempt bonds for educational and senior care facilities

The San Francisco County government meeting on July 4, 2025, focused on several resolutions aimed at financing educational and senior care facilities through tax-exempt bonds. The meeting highlighted three key proposals, each designed to support local nonprofit organizations.

The first resolution approved the issuance of up to $17 million in revenue obligations for the Chinese American International School (CAIS). This funding will facilitate the acquisition and renovation of educational facilities located at 3250 Nineteenth Avenue. CAIS, established in 1981, has grown to serve 482 students across three campuses, emphasizing a dual-language curriculum and community engagement.

The second resolution authorized the issuance of up to $35 million in tax-exempt obligations for the Hebrew Home for the Aged Disabled, also known as the San Francisco Campus for Jewish Living. This funding will support the acquisition, construction, and renovation of facilities that provide senior residential and care services at 302 Silver Avenue. The organization has a long history dating back to 1871 and aims to enhance the quality of life for seniors in the Bay Area.

The third resolution involved the issuance of up to $9 million for Presidio Hill School, which will finance the construction and renovation of educational facilities at 3839 Washington Street and the acquisition of additional property. Founded in 1918, Presidio Hill School is recognized as California's oldest progressive school, focusing on a project-based curriculum that fosters creativity and independent thinking among its 220 students.

All three resolutions were presented without public opposition during the required hearings, and approval of these measures will not impose any fiscal burden on the city and county of San Francisco. The meeting underscored the local government's commitment to supporting educational and senior care initiatives through strategic financing.