The Executive Committee of the Finance Authority for Nonprofit Corporations (FAN) today voted unanimously to use approximately $1.3 million from FAN reserve funds to make San Francisco whole, in the wake of an apparent embezzlement of that amount by a senior manager at FAN. The money will be returned to the account from which it was stolen, restoring control of these funds to San Francisco and the South of Market Community Stabilization Committee. It is expected that legal documents effectuating the transfer of funds will be finalized by early next week. Click here for full press release