The high cost of housing in the Bay Area and the mismatch of demand and supply of affordable housing leave low-income families with very few options to live in quality communities and in proximity to employment centers. One out of every five local households does not earn enough to make ends meet and faces damaging choices between paying for housing, utilities, childcare, and healthcare. And, the racial wealth gap is growing. Low-income families end up being trapped in a cycle of not being able to meet basic needs and not having a cushion for emergencies. They pay a higher proportion of their income for housing, financial and other services and, as a result, have a more difficult path to be successful and have a healthy, vibrant life. We believe that every family has a right to decent, safe, affordable housing in neighborhoods that offer quality amenities.
ADVANCING AN EQUITY AGENDA
Expanding racial and economic inclusion across the Bay Area, ensuring that all can participate, prosper and reach their full potential, is the defining issue of our time. It is also the defining agenda for the San Francisco Foundation. This regional equity agenda is completely aligned with the history and mission of the Foundation: to build strong communities, foster civic leadership, and promote philanthropy. In order to develop our equity strategy, we have already engaged in deep conversations and consultations with over a thousand grantees, donors and civic leaders across the region. We are also doing an extensive review and analysis of relevant research and data, and mining expertise from across the region and the nation. We anticipate that we will launch our equity strategy in the Spring of 2016. Please continue to visit our website for more information.