The Partnership for the Bay’s Future will protect tenant rights and promote one of the largest housing investment funds in the country
SAN FRANCISCO — Today, The Hewlett Foundation joined Bay Area community and faith leaders, housing advocates, business leaders, and philanthropists to launch a regional public-private housing partnership that will build one of the country’s largest investment funds to address the regional affordable housing crisis.
The Partnership for the Bay’s Future aims to advance the region’s future by solving its 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 Foundation, Local Initiatives Support Corporation (LISC), Facebook, Genentech, the William and Flora Hewlett Foundation, the David and Lucile Packard Foundation, and Silicon Valley Community Foundation.
This effort was developed through years of conversations with community and faith leaders, housing experts, elected officials, and residents. It will begin with two breakthrough 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.
“The housing crisis is the most serious issue facing our region—one that is making every other challenge harder, particularly for low-income families and people of color,” said Larry Kramer, president of the William and Flora Hewlett Foundation. “This critical effort holds great promise for finding local and regional solutions. We feel privileged to be able to support the San Francisco Foundation as it partners with community leaders, nonprofits, businesses, governments, and foundations on this critical work.”