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Construction & Development

The Village capital stack: $74 million raised, $10 million to close

A raise of about $74 million against a target near $84 million cleared for a six-storey non-profit build through city, state and private dollars.

The target behind the 90 percent

The Village at 80 Julian Ave. is a six-storey non-profit build off Mission Street near 15th Street in San Francisco. The developer is the Friendship House Association of American Indians. Its director, Peter Bratt, told Mission Local in a report dated 20 May 2026 that the capital campaign is about 90 percent subscribed.

The arithmetic arrives in published pieces. Roughly $74 million is raised and about $10 million is outstanding. That puts the target near $84 million. Seventy-four against 84 is about 88 percent, which reconciles with Bratt's "approximately 90 percent."

The line that decides the start

Bratt said he has no doubt the organisation will raise the remaining $10 million. That is a sponsor statement. Watch the $10 million line, because it decides whether the September 2026 start holds.

The record publishes no closing date for the remaining raise and no donor list. It carries no debt, no bridge facility and no construction loan.

Three sources, no split

The money comes from city, state and private dollars. The record names the three sources and no split. It carries no city share, no state share and no private share, and no per-unit subsidy against the group-housing units.

A reader can see that public money sits inside the stack. A reader cannot see how much, from which programme or on what terms.

The public lever moved on 26 March

On 26 March the developer filed an application and a letter with the Planning Department. The filing raised the group-housing unit count from 21 to 36 at the request of the Mayor's Office of Housing and Community Development.

A public funder asked for more group-housing units, and the sponsor filed the change rather than restarting the entitlement. The record publishes no financing condition behind that request.

Why this build cleared

Three features sit on the record. The sponsor is a non-profit that already runs an 80-bed substance-recovery and prevention programme a few feet away at 56 Julian Ave. The programme stacks training, a clinic and housing on one footprint, so one raise serves several funded purposes. The public partner sat inside the design before the filing, asking for a unit change on a live application.

The record publishes no citywide development data, no permit count, no construction-cost index and no lending benchmark, so this article cannot size the wider market.

Eighteen to twenty months of site spend

Construction runs 18 to 20 months from a September 2026 start, so site spend lands across 2027 and the first half of 2028. An 18-month run ends in March 2028 and a 20-month run in May 2028.

Floors one and two carry culinary and tech training with small-business mentorship and an incubator for Native businesses. Floor three carries a behavioural-health clinic with the Native American Health Center. Floors four and five carry transitional housing for women who finish Friendship House recovery programmes, and floor six carries a women's addiction-recovery lodge.

The one named partner

The clinic is the one programme element with a named institutional partner. The Native American Health Center sits at 160 Capp St. between 17th and 16th streets and moves into the building when it opens. The record publishes no lease, no service agreement and no staffing plan for that floor. The training floors have no named partner.

What the record leaves open

No construction cost, no total project cost, no split of the public and private dollars, no land price, no unit total, no wage scale and no retention rate.

For a reader tracking where institutional money still underwrites construction, The Village supplies one data point. A campaign near $84 million, about 90 percent subscribed, on a non-profit build whose public funder asked for more group-housing units before the shovels moved.

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