By Tim Svoboda, YWAM San Francisco & Bay Area Coordinator. August 13, 2014
Mother Teresa’s words can be felt in the cry of our neighborhood: “Loneliness and the feeling of being unwanted is the most terrible poverty.” At YWAM San Francisco, we are answering this cry by engaging our neighbors with God’s powerful transforming love. Watch this 4 minute video to experience how people in the Tenderloin are being served, restored, and empowered through your partnership with us:
We are on the way to owning our Ellis Street buildings in The Tenderloin District of downtown San Francisco. YWAM San Francisco needs just $900,000 more to reach our goal of sustainability. Becoming sustainable means our monthly mortgage payments would be the same as we are paying now in rent. Ministries would not lose funds, instead growth would be possible.
The full purchase price of our buildings, with closing costs, is a little over $4 million. God has provided this summer, through so many incredible supporters, an astonishing $1.1 million toward this purchase! Reaching the $2 million goal would give us what we need for a down payment and make YWAM San Francisco sustainable.
Join Us in the Fight
We thank God for the over 500 people who have contributed towards reaching our early goals. In this next stage, we need partners to stand with us in faith, prayer, and giving to raise $900,000 before September 23rd. Would you prayerfully consider being a partner? No gift is too small or too large in this endeavor.
God does not want properties for properties’ sake, He wants to reach the people that surround them.
YWAM San Francisco has been in the Tenderloin since 1995. Our main building is home to 30 full-time staff. In our history, more than 16,000 people have participated in short-term outreach from our facility, More than 380 people have attended our six-month residential Discipleship Training School, and more than 100 staff members have joined us for at least two-year commitments. Since 2008, our Food Pantry ministry has fed the hungry with more than 200 tons of food. Hear about some of the testimonies about YWAM’s work here. We love the Tenderloin, and it is our honor and joy to serve our neighbors. However, we are in danger of losing our facilities. We have been trying to buy the two buildings on Ellis Street that we’ve been operating out of since 1995. Our landlord always refused to sell…until May 16.
On May 16, we learned that a third party had submitted a cash offer of $3.75 million for the properties we call home in the Tenderloin area of San Francisco. Because we have the first rights to purchase these properties, we had to match their offer. We have moved in faith believing that we are to inherit these properties. Our landlord required that we prove our financial credibility on July 25, 2014. By God’s grace, the seller’s attorneys conceded that we are financially strong enough to purchase these properties. Thank you to all who helped us raise an astonishing $1.04 million in time for the July 25th deadline. We have, and are deeply grateful for, a partner who is standing guarantee for the amount we don’t have until we come up with it. We don’t want to depend on this extremely generous investment, and are in the process of securing a loan and raising funds for the entire amount by September 23, 2014.
We are trying to raise the entire $4 million to own this property debt free in less than 45 DAYS! This can be done and we need your help. We want to minimize any loans that we must take.
Our FIRST GOAL is to pay cash for the properties and not to incur any debt. We are believing for that and continue to pray that we will “owe no man anything but to love one another,” which is what we know the ministries in these properties are called first of all to accomplish. However we must be practical and we are pursuing loans and going through the pre-qualifications now.
Our SECOND GOAL is to limit the amount we borrow from a financial institution and want to raise all we can between now and September 23rd when that loan will go into effect. The more we raise the less our monthly payments will be and that frees up our finances to go to those we are serving and reaching out to here in the Tenderloin.
Please continue to stand with us to see this project completed. Join with us in expanding the ministry here in San Francisco! The Kingdom value of this work is greater than ever. Your investment generates an “eternal rate of return.”