How Do You Intend to Use the Funds?
We intend to roll out a robust program that will maximize the impact of these funds.
Some have suggested that we could create an organization/trust to carry out the work of providing workforce services and housing assistance. We know that we don’t want to divert funds away from their purpose. Partnering with groups which are having success in the areas we focus on, while also identifying where there is a strong need for improvement in the District, remains our goal.
Ultimately, we want to leverage the funds we have to maximize their investment potential. These funds are flexible. They are not government dollars, giving us the ability to be innovative in our efforts to match resident need with program goals.
Our job as the steward for these funds is to ensure that they are used in the manner identified in the CCBA.
The funds are legally earmarked for workforce development and affordable housing initiatives. We are aware that there are a number of issues that affect the District. In fact, many committee members are actively involved in advocacy around those issues.
Ultimately, the benefits are an attempt to address District 10’s high levels of unemployment and housing insecurity, which we believe sit at the root of many other issues. These impacts are magnified in Bayview/Hunter’s Point. In providing more residents an affordable, safe place to call home and ensuring that residents get high-quality jobs that pay a living wage, neighborhoods begin to stabilize.
What is the San Francisco Foundation’s role with the project?
The San Francisco Foundation is not a member of the Implementation Committee.
It is an advisor to the Committee, bringing to the table its long history of supporting organizations that want to make a social impact in San Francisco neighborhoods. In this case, the Foundation helps the Implementation Committee better understand the workforce and housing sectors. It provides counsel so that they may be more strategic and make smart grantmaking decisions.
The Foundation brings its expertise in grantmaking, funds management, and community impact investments to assure the most effective management of the Community Benefits Agreement funds. The Foundation also holds the CCBA funds.
Are the funds only for the Bayview/Hunter’s Point?
These funds are intended for District 10, which includes Bayview/Hunter’s Point, Visitacion Valley, Portola, Potrero Hill, Sunnydale and other neighborhoods.
Another way to look at it is by zip code. District 10 roughly approximates the boundaries of 94124, 94134, and 94107.
Is this all, or is the developer committed to more?
Yes, Lennar has entered into other agreements with the City and the former Redevelopment Agency. They have obligations under those agreements and you can find more information about that here.
The Core Community Benefits Agreement is separate from those agreements and remains legally enforceable.
The funds will be disbursed to the Implementation Committee over a period of years as the development continues.
What About the Cleanup?
The United States Navy is the party ultimately responsible for the cleanup. Information about the Navy’s cleanup plans may be found here.
The United States Environmental Protection Agency also maintains a website tracking developments in the cleanup process. You may view it here.