What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
Giving Compass' Take:
• In this story from NBC Bay Area, authors Sam Brock and Stephen Ellison highlight a $500 million donation by the Chan-Zuckerberg Initiative into a bay area housing fund.
• How can CZI use the principles of impact philanthropy to maximize the positive effect of their investment?
• To learn how hew home building tech could help solve the affordable housing crisis, click here.
The philanthropic organization started by Facebook CEO Mark Zuckerberg and his wife, Dr. Priscilla Chan, on Thursday announced a $500 million collaboration to ease the housing crisis in the Bay Area. The Chan-Zuckerberg Initiative is teaming with other organizations to establish a fund dedicated to affordable housing.
The Partnership for the Bay's Future, which includes other players such as the Ford Foundation, the San Francisco Foundation and the Local Initiatives Support Corporation, may be the most diverse and ambitious affordable housing initiatives the region has seen.
The fund is aiming to build 8,000 new affordable homes and stabilize 175,000 households in the next five to 10 years. But collaboration is key, from philanthropy groups to city governments and private corporations.
Read the full article about the housing fund by Sam Brock and Stephen Ellison at NBC Bay Area