A MODEL BAY AREA partnership aims to fill the gap in affordable housing projects that are short capital, seeing it as a way to accelerate much needed construction.
The Bay Area Housing Innovation Fund — launched by Destination: Home in partnership with the San Francisco Housing Accelerator Fund, Sobrato Philanthropies and Apple — will put $50 million toward developing 400 affordable homes across the Bay Area. Nearly half of these homes will be dedicated to individuals who are homeless and extremely-low income.
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