The San Francisco Board of Supervisors, the governing body of the City and County of San Francisco, has agreed to financially assist the San Francisco Lesbian, Gay, Bisexual and Transgender Center, the San Francisco Chronicle reported.

Supervisors have approved a $157,000 loan that will help the nonprofit restructure its mortgage.

Officials insisted the assistance is not a bailout.

“We will not draw down these funds,” Supervisor Bevan Dufty, who co-sponsored the measure with Supervisor David Campos, told the paper. “These funds will be preserved in reserve.”

Under the arrangement, the money will be set aside as a rainy day fund accessible to the center only if it can't pay its mortgage. The center is expected to pay back the loan with interest.

The fund will allow the center to restructure its mortgage with First Republic Bank.

Only one board member, Supervisor Sean Elsbernd, voted against the plan.

The LGBT community center opened 8 years ago with the assistance of the city, which put up nearly half of the center's $12.3 million construction tab.