Zuckerberg and Company Set Goals on Housing Policy and Affordable Housing

With over $500 million in resources, the Partnership for the Bay’s Future is funding policy and affordable housing projects throughout the region.

1 minute read

February 23, 2020, 11:00 AM PST

By Camille Fink

Silicon Valley, facing Downtown San Jose

Coolcaesar / Wikimedia Commons

"After raising more than $500 million, a group of prominent [San Francisco] Bay Area stakeholders is using that money to fund a double-whammy solution to the housing crisis — building new housing while also creating local tenant protections," reports Marisa Kendall.

The Partnership for the Bay’s Future is a collaborative effort that includes the Chan Zuckerberg Initiative, the San Francisco Foundation, and the Silicon Valley Community Foundation. It expects to raise $520 million from investors by June.

"Ten Bay Area cities and counties — in partnership with local community organizations — applied to receive $220,000 policy grants, plus staffing help, from the partnership. Seven were chosen," says Kendall. The partnership has also invested $30 million in affordable housing projects in Alameda County.

Tuesday, February 4, 2020 in The Mercury News

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