URBAN STRATEGIES COUNCIL’S RECOMMENDATION TO CAC ON Shipyard Legacy Fund (SLF) PRIORITIES FOR INVESTMENT July 10, 2006.

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Presentation transcript:

URBAN STRATEGIES COUNCIL’S RECOMMENDATION TO CAC ON Shipyard Legacy Fund (SLF) PRIORITIES FOR INVESTMENT July 10, 2006

The Challenge: Focusing Fund Resources  Every Community Building Area is important.  Fund not big enough to fix everything.  Are there places to focus resources that can create an ENGINE OF CHANGE?

RECOMMENDATIONS ON PRIORITY AREAS 1.Select an “engine” of change 2.Economic development-- emphasizing employment, housing and financial and asset development– is the engine 3.Incorporate focus areas into economic development investments (youth development, services for elders, arts culture and recreation and heath, environment and safety)

“Over $1 billion in economic development investments will significantly impact the (BVHP and Visitacion Valley) neighborhoods in the next few years.”* SOURCE: Mayor’s Office of Communities of Opportunity Pilot Phase Business Plan Executive Summary The Neighborhood Context

ENGINE OF CHANGE ECONOMIC DEVELOPMENT

ENGINE OF CHANGE

SHIPYARD LEGACY FUND (SLF) Actively participates in ECONOMIC DEVELOPMENT projects In the neighborhood to represent interests of residents

ENGINE OF CHANGE SHIPYARD LEGACY FUND (SLF) Actively pursues EMPLOYMENT for residents in economic development projects In the neighborhood

ENGINE OF CHANGE SHIPYARD LEGACY FUND (SLF) Pursues affordable rental and purchase HOUSING to support savings and home purchase to build resident assets

ENGINE OF CHANGE SHIPYARD LEGACY FUND (SLF) Establishes comprehensive ASSET DEVELOPMENT programs to support residents in accumulating assets

ENGINE OF CHANGE

Money Land Capital Investment Human Services ENGINE: Economic Development Focus Areas: Arts & Culture Health/Envir Education Youth Elders Scholarship Fund Media Arts Training Facility Community Land Trust EMPLOYMENT ASSET DEVELOPMENT HOUSING