Denver9/28_Heather Hood

Creating Great Communities for the Bay AreaPartners in Innovation Conference Denver, ColoradoSeptember 2010Heather Hood, Initiative OfficerThe San Francisco Foundation and Silicon Valley Community Foundation

A Growing Region
Berkeley
Oakland
San Jose
Marin
San Francisco
Silicon Valley

What: Our Goal
Engage deeply in 25 local planning efforts to influence 100 plans
Target low and moderate income neighborhoods
Get mixed-income TOD built
Build a regional policy framework
By 2030 all people in the Bay Area will live in complete communities, affordable across all incomes, with access to quality transit.

CAPACITY BUILDING
2. POLICY AND ADVOCACY
3. DEVELOPMENT
Secure sites for mixed-income development
Develop property acquisition fund
Work with cities to identify land and new partnerships
Create market incentives for developers
Craft messages and media with regional agencies
Need a picture of affordable hsg here

Bay Area Development Opportunities
Scarcity of Development Sites Near Transit
Near Existing or Planned Transit

The “capital stack” for the Bay Area TOD Fund for Affordable Housing
1. Senior loans
Banks, insurance companies
Other direct commercial lenders
Bond financing
2. Low-interest loans (Program-Related Investments)
Foundations and Intermediaries
(Such as Calvert Fund - $5-7m, Ford Foundation - $2m, the Fund Manager – required in RFP, community foundations’ PRIs)
3. Equity or Grant $
State & local funds
(such as the Golden State Fund)
Federal funds
Foundation grants

Denver9/28_Heather Hood

by National Housing Conference & the Center for Housing Policy on Sep 29, 2010

Accessibility

Upload Details

Usage Rights

Statistics

Denver9/28_Heather Hood — Presentation Transcript