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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.
In this second session of the Foundations of Racial Equity Series, we explore racial capitalism, which describes the current economic system of extracting social and economic value from people of color. Racial capitalism is based on the theft, exclusion and exploitation of the land, labor, and capital of people of color. Philanthropy—as a social, political, and economic strategy of society’s wealthiest people, mostly white men, and institutions that “do good” while moving wealth without tax exposure— upholds racial capitalism.
The Build Back Better Act has the potential to help the nation grow, as framed by the White House, “from the bottom and middle-out" by providing families with funding for childcare, expanding access to affordable housing, education, and health care, and enforcing tax laws on the extremely wealthy.
Data has proven to be a vital ingredient in furthering racial and economic equity in the Bay Area. However, not all local organizations have the capacity to leverage data-driven insights and tools to drive solutions forward and achieve equitable outcomes.
Find resource documents for completing your Arts Loan Fund application here.
A coalition of non-profit, philanthropic, business, and public sector partners are working to advance a regional bond that could unlock billions of dollars for the construction and preservation of affordable homes across 9 Bay Area counties at an unprecedented scale in the region.
In Get It Right: 5 Shifts Philanthropy Must Make Toward an Equitable Region, we've highlighted 5 case studies from regional leaders who are already doing this work. Read about how the Libra Foundation, Tipping Point, Latino Community Foundation, San Francisco Foundation, Community Foundation of Santa Cruz County, and Silicon Valley Community Foundation are creating donor collaboratives to leverage more capital.