Bay Area Preservation Pilot Fund (BAPP)

The Bay Area Preservation Pilot Fund (BAPP) is one of MTC’s two regional housing finance programs focused on the preservation of affordable housing.

Joey Kotfica

In 2018, MTC launched BAPP to help stabilize communities at risk of displacement. BAPP is a revolving loan fund designed to assist mission-driven developers and community-based organizations with the acquisition and preservation of homes that are:

  • Unsubsidized multifamily housing;
  • Located in areas with high-frequency transit service; and
  • Considered affordable to low- and moderate-income renters.

MTC committed $10 million to BAPP, supplemented by an additional $39 million in community development financing institution (CDFI) capital from the program fund managers, Enterprise Community Loan Fund (ECLF) and Low Income Investment Fund (LIIF), making a total of $49 million available for acquisition loans.

Achievements to Date

Since its launch, the BAPP program has successfully closed loans for two projects in Oakland, supporting the preservation of 71 affordable homes.

BAPP Program Improvements

In 2021, the Metropolitan Transportation Commission approved several revisions to the BAPP program guidelines. These will improve the fund’s ability to quickly deploy funding to a more diverse set of projects across a larger geographic area.

The program revisions will make BAPP funds more accessible to projects that also:

  • Are located throughout the nine-county Bay Area, including cities and counties that do not yet have local preservation funds
  • Have a high risk of displacement or eviction of current residents
  • Are home to vulnerable and historically-marginalized groups, including families with children, seniors, people with disabilities, people with language barriers, people of color and extremely low-income tenants
  • Have project sponsors that are led by people of color and/or are working in close partnership with tenants
BAPP Loan Term Sheet

See the details of the BAPP loan terms to find out if your project qualifies.

View the Loan Term Sheet.


To apply for a BAPP loan, contact:

Enterprise Community Loan Fund

Eve Goldstein-Siegel, Senior Loan Officer
Phone: 415-400-0986

Low Income Investment Fund

Emma Chávez, Market Director, Western Region
Phone: 213-262-2490 Ext 490

For general BAPP program questions, contact:

Somaya Abdelgany, ABAG/MTC Associate Regional Housing Planner
Phone: 415-778-5217

Bay Area Housing Finance Authority (BAHFA)

BAHFA is a collaboration between MTC and the Association of Bay Area Governments to address the Bay Area’s chronic housing challenges.

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Housing Growth Trends

Housing permit totals provide an understanding of likely growth in the near future. Look for the latest permit data in your county when you visit the Vital Signs website.

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Funding Opportunities

Calls for projects for housing, transit, Priority Development Areas, Priority Conservation Areas and other focused growth projects.

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Plan Bay Area 2050 Housing Strategies

Plan Bay Area 2050, the region's long-range transportation and land-use plan, identifies several strategies to protect and preserve affordable housing, spur housing production at all income levels, and create inclusive communities throughout the region.

Learn more about Plan Bay Area 2050.
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