With over $500 million in resources, the Partnership for the Bay’s Future is funding policy and affordable housing projects throughout the region.
"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.
FULL STORY: $500 million-plus housing crisis fix? Fund will help build homes, craft policy
Counties Outside of Bay Area Eye Transportation Mega Measure in 2020
Northern San Joaquin Valley transit officials are eying a $100 billion Bay Area transportation measure to potentially fund a $1 billion rail tunnel for two commuter railroads to bring workers to the East Bay and Silicon Valley.
Silicon Valley Tech Community Commits $500 Million to Fund Housing Crisis
A large group of technology and philanthropic foundations has announced multiple funds to help mitigate the crisis of housing affordability in the Bay Area. It's the second such effort announced already this year.
Opinion: TOPA Needs Capital to Succeed
TOPA helps prevent displacement and build tenant power in Washington, DC. Affordable capital is critical to its success.
Seattle Legalizes Co-Living
A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.
Central Florida’s SunRail Plans Major Expansion
The expanded train line will connect more destinations to the international airport and other important destinations.
Las Vegas Golf Course to Become Over 1,000 Units of Affordable Housing
The project is part of an initiative to build affordable housing on shuttered golf courses.
Cities and States Taking Action to Limit Rent-Setting AI
Federal prosecutors are charging a software company with using algorithms to artificially inflate rents.
BART to Raise Fares in January
The transit agency says it needs more state and federal support to meet its operating costs and avoid a growing budget gap.
Montreal Bike Share Breaks Ridership Record With 13 Million Rides
The Bixi system introduced a winter pilot project last year, leading to a rise in winter cycling.
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