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Marking its 30th year of providing affordable housing services in the City this spring, the San Francisco Housing Development Corporation is centering its annual gala and awards dinner around a theme demonstrated by influential civic actions taking shape across the nation. SFHDC’s 30th Anniversary Gala and Awards Dinner, will take place Friday, May 11, at the California Academy of Sciences. The Bayview-based SFHDC is a nonprofit community organization that has provided affordable housing, financial empowerment, supportive services and economic development to low-income communities of color since 1988.
The 10th annual Martin Luther King Jr. Day report by UFE explains that the Great Recession took a greater portion of wealth from Black and Latino families than it did from White families. Today, the average net worth of White families is, respectively, more than six times higher and 5.7 times higher than the average Black and Latino families. Median wealth disparities are even greater.
Mayor Gavin Newsom claims the most important item on his agenda is the revitalization of Bayview Hunters Point. Illustrating his editorial is this picture of a Black woman laborer. She is likely to be the only Black worker on any Hunters Point construction if things do not change. I propose an anti-gentrification subsidy of affordable housing and jobs for all residents displaced or in danger of displacement.