2020 SFF AnnualReport - Page 28



PROGRAMS
HIGHLIGHT - MULTI-PARTNER INITIATIVES
Partnership for the Bay’s Future Brings
Innovative Approaches to Housing
T
he word crisis is often overused, but in the
case of housing in the Bay Area, we feel like
it’s an understatement. The world around us
is changing rapidly and presenting us with the
most complex set of issues facing our region
in more than a generation. This is a moment
where we can advance housing policies that
are truly transformative for our communities
— for now and for the next generation of Bay
Area residents.
In January 2019, the San Francisco Foundation helped launch the Partnership for the
Bay’s Future, a public-private partnership
working to address the affordable housing
crisis in the Bay Area. We partnered with
Chan Zuckerberg Initiative; the Ford, Hewlett,
Packard, and Silicon Valley Community foundations; Local Initiatives Support Corporation
(LISC); First Republic and Morgan Stanley
banks; and Facebook, Genentech, and Kaiser
Permanente to raise more than half a billion
dollars to preserve and produce more than
8,000 homes in San Francisco, San Mateo,
Santa Clara, Alameda, and Contra Costa
counties over the next five years.
Law Center; the City of East Palo Alto and the East
Palo Alto Community Alliance and Neighborhood
Development Organization (EPA CAN DO); the
City of Oakland and the Bay Area For All (BA4A)
Preservation Table; the City of Palo Alto and SV@
Home; the City of Redwood City and the Legal
Aid Society of San Mateo County; and the City of
San Jose and SOMOS Mayfair. Each jurisdiction
was given access to technical assistance and
consultants and was matched with a mid-career
fellow who has the expertise needed to advance
affordable housing solutions.
The Partnership also has closed 14 loans totaling
over $97 million for projects that will create or
preserve more than 1,100 units of housing, 87
percent of them designed to be affordable for
households earning less than 80 percent of the
area’s median income. The investments, which
leverage an additional $148 million from other
sources, will support the construction, renovation,
and/or preservation of permanent supportive
housing, co-living spaces, and senior housing.
In February 2020, the Partnership awarded
challenge grants to seven municipalities and
local nonprofits working to advance innovative housing policies, including providing
renters and communities with the right to purchase affordable homes before they are sold
to outside investors, ensuring countywide
protections for renters, and exploring new
approaches to building community wealth.
The recipients include Alameda County and
Resources for Community Development; the
City of Berkeley and the East Bay Community
26
2020 Annual Report
Grantees gather at the Partnership for the Bay’s Future oneyear anniversary event in February 2020. Photo courtesy
Chan Zuckerberg Initiative, a foundation partner.





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