Parent-Led Nonprofit Builds Housing for Adults with Disabilities with $12.5 Million from LISC
HALF MOON BAY, CA (September 12, 2023). Read original article at LISC Stories. Finding affordable housing in California amid the state’s...
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THE CHALLENGE
Residents across the Bay Area struggle every day to find and hold on to their homes.
Two full-time workers, making $15 per hour – over $62k per year – can only afford to live in 5% of the region’s neighborhoods and 6 out of 10 households are at risk of displacement at any given time. Yet currently there is one house being constructed for every 6 jobs created.
OPPORTUNITY
Launched in 2019, The Partnership for the Bay’s Future is one of the nation’s largest-ever housing initiatives and is a partnership between LISC and public and private Bay Area institutions.
The Partnership was created to increase the number of affordable housing units in the five-county region of the Bay Area and to advance a long-term regional policy agenda to foster the development of equitable communities of racial and economic diversity.
FAMILY OF LOAN FUNDS
The Partnership’s family of loan funds is comprised of two distinct funding initiatives: the Bays Future Fund (BFF) and the Community Housing Fund (CHF). Both funding initiatives support the production and preservation of affordable homes.
Managed by LISC and originated by Bay Area LISC, the Corporation for Supportive Housing (CSH), and Capital Impact Partners (Capital Impact), the funds are designed to bridge funding gaps throughout the region's rental housing market.
Partnership for the Bay's Future
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Introducing the Partnership for the Bay's Future
02:44
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Partnership For the Bay's Future: An Affordable Housing Initiative
03:12
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Maurice A. Jones' Remarks at Partnership for the Bay's Future Press Conference
04:03
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PARTNERSHIP FOR
THE BAY'S FUTURE PARTNERS
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