Facebook commits $150 Million to Bay's Future Fund. LISC will help put these dollars to work promoting affordable housing development in the San Francisco Bay Area.
The commitment from Facebook is a multi-sector collaboration of LISC, the Chan Zuckerberg Initiative, The San Francisco Foundation and other philanthropic, corporate and community partners, all dedicated to creating solutions the Bay Area's affordable housing crisis.
Bay's Future Fund, one of the nation's largest affordable housing funds which LISC manages. The Partnership supports everything from renter protection policies to preservation and production of affordable housing to keep families in their homes and neighborhoods, reverse displacement trends, and create a more vibrant Bay Area. Read the Entire Article
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Although celebrity names and support associated with social enterprises can be an effective tool to promote a business and tackle a social mission, they do come with their risks.