Fifth Space Lands $200MM From JPMorgan Chase for 342 Units in San Francisco as Middle-Income Fund Debuts

The bank's second infusion into the 29-acre Dogpatch megaproject pairs a construction loan for a 342-unit building with equity in an untested fund, putting institutional capital behind the proposition that housing for households earning too much for subsidy and too little to absorb market rents can pencil as an investment rather than a favor.