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The Bay Area Housing for All regional bond will unlock $10 – 20 billion dollars to build and preserve more than 72,000 affordable homes across 9 Bay Area counties, meeting the urgency and scale of our housing crisis. Over the past few months, the Bay Area Housing Finance Authority (BAHFA) and Association of Bay Area Governments have been holding pivotal public meetings to hear from organizations and community members and inform the bond’s expenditure plans. BAHFA will meet
again on June 26th for their final vote to approve plans and determine whether to place the housing measure on the November 2024 ballot.
Over the next 20 years in the U.S., $35–70 trillion in wealth will transfer from one generation to another in the largest generational wealth transfer in history, mostly moving within wealthy white families. The policies that make possible this protection and accumulation of wealth are situated within the legacy of land theft, genocide of Native people, enslavement of Black people, and exploitation of natural resources. This context of racial capitalism has also given rise to wealth accumulation that, in part, birthed the philanthropic sector. Paradoxically, many of us working within philanthropy aim to contribute to changes in systems, structures, and outcomes that address the harms of interconnected systems like racial capitalism that favor some at the expense of others and the planet.
Anti-Black racism and white supremacy are embedded in philanthropy and in our institutions, often invisible to the majority of us, even as we work with intention towards equity and justice. As change agents within philanthropy, we are stretching to become our best selves, rise to the moment, and progress toward racial equity.
RISING LEADERS COHORT
NCG's Rising Leaders Cohort is a unique opportunity to focus on your leadership journey within philanthropy and build the skills that will take you to the next level.
NCG is thrilled to announce that the illustrious James Head, former CEO of the East Bay Community Foundation amongst other distinguished posts will be joining our team as the new 5 Shifts Senior Fellow.
Support NCG’s work to curate an Annual Conference that connects, inspires, and mobilizes philanthropy by becoming a sponsor.
The Community Arts Stabilization Trust’s goal is to acquire 100,000 square feet of space for arts groups by the end of 2018 and expand its footprint in Oakland. Today, the Kenneth Rainin Foundation announced $3 million in additional funding for the Community Arts Stabilization Trust (CAST), a game-changing organization that protects San Francisco Bay Area arts and cultural organizations from displacement. This three-year grant will help CAST realize an ambitious goal to acquire 100,000 square feet of space for arts groups by the end of 2018. With this funding, CAST will expand and prioritize its work in Oakland to create permanently affordable spaces for arts organizations. The funding will also help CAST continue its work in San Francisco.