Housing

New partnership announced to address region's affordable housing crisis

San Francisco
Mark Prado

Bay Area community and faith leaders, housing advocates, business leaders, and philanthropists announced Thursday the launch of a regional public-private housing partnership with a goal of building one of the country’s largest investment funds to address the regional affordable housing crisis.

The Partnership for the Bay’s Future aims to help solve the region’s interconnected challenges of housing, transportation and economic opportunity.

It is being launched with the support of the San Francisco Foundation, the Chan Zuckerberg Initiative, the Ford FoundationLocal Initiatives Support Corporation (LISC)FacebookGenentechKaiser Permanente, the William and Flora Hewlett Foundation, the David and Lucile Packard Foundation, and Silicon Valley Community Foundation.

The effort will begin with two funds — the Investment Fund and Policy Fund — to expand and protect the homes of up to 175,000 households over the next five years and preserve and produce more than 8,000 homes over the next five to 10 years in San Francisco, San Mateo, Santa Clara, Alameda and Contra Costa counties.

Learn more about the partnership at www.baysfuture.org. Meanwhile, MTC's CASA project aims to develop a Bay Area plan that preserves existing affordable housing while protecting vulnerable populations from housing instability and displacement.

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