In May 2014, SFCLT acquired its fourth property. This acquisition preserves 14 units of low-cost, shared housing that were at risk of eviction when the sellers decided to sell the building. Residents approached the Land Trust about purchasing the property, and also asked the Sellers if they would work with the Land Trust. The Sellers were empathetic to the residents considering the rash of evictions, and had already received interest from an investor who wanted to change the use of the property through Ellis Act Eviction. The Land Trust will now help the residents to form a housing cooperative through which they will operate and control the building, while the Land Trust maintains ownership of title to the land. Acquisition financing was provided by Boston Private Bank & Trust and a carry-back loan from the Sellers.