Preserving a Community
Building a Model for Equitable Development
Problematic Past…
Government-sponsored urban renewal efforts from decades ago, coupled with skyrocketing housing costs in recent years, have fueled considerable displacement within communities of color in high-cost/high-opportunity cities such as San Francisco, Chicago and Washington, D.C.—a trend that has contributed significantly to the growing wealth gap in the United States.
New Approach…A More Equitable Future
Our Freedom West 2.0 redevelopment and revitalization plan is a transformative approach to urban development that could serve as a model for achieving racial equity and economic parity for low- to moderate-income residents of color in high-cost/high-opportunity cities nationwide.
Opportunity for Impact
We are seeking to raise $25 million—out of a $623 million, Phase I development budget—from impact donors and investors to help Freedom West Homes achieve long term financial sustainability, preserve and create affordable housing, and address income and wealth inequities.
Our Solution
- Save 1,000 low- moderate-income residents from displacement
- Preserve by rebuilding 382 affordable housing co-op units
- Add 133 new affordable-housing units to the Fillmore District/Western Addition
- Build a STEM Innovation Center to help Fillmore district residents access high-paying STEM jobs and entrepreneurship opportunities
- Build a Performing Arts Center to spark the Fillmore Renaissance
- Generate $2 billion in one-time community economic impact from the project’s construction* and insure at least 30% women and minority contractor participation
Guiding Principles
In 2019, the Freedom West Board, representing 382 shareholders and approximately 1,000 residents, participated in a visioning session facilitated by the Institute of the Future to develop a set of Guiding Principles that serve as our roadmap plan to achieve the community driven Freedom West 2.0 plan to:
Rebuild
All 382 existing units at Freedom West co-op units with brand new units at no additional monthly housing costs to the residents.
Empower
The nonprofit co-op with a 40+ year economic self-sustainable engine including additional sources of real estate ownership income and profit participation in the market rate development.
Involve
Freedom West Homes’ input in the design of the replacement units, the overall site plan, and community benefits.
In October 2020, the Freedom West Homes Cooperative Members, representing more than a thousand residents, voted to approve the Freedom West 2.0 plan.
Community Benefits
Community Amenities & Benefits
Retail & Entertainment
Health & Fitness Center
Community Gardens
STEM Community Innovation Center
Over 200K SFT of Open Space
Childcare Center
Boutique Hotel
Performing Arts Center
Better Access to Streets & Transit
Community Economic Benefits
By Designing, Building, and Empowering with Equity, this project will bring new hope and a bright future for a community overlooked for far too long. Currently, the Freedom West site is primarily residential, with very low density and too much space being used for above-ground parking. The proposed plan reimagines the use of the space by expanding its use to include commercial, retail and event space. Freedom West 2.0 will create much needed jobs and small business opportunities for residents of the Fillmore community.
Cumulative Construction Job-Years
(10,980 onsite, plus 1,950 offsite)
Total Recurring Job-Years at Full Build-Out
(590 onsite; 240 offsite)
$2.2
Billion in One-Time Economic Output from Construction
($1.7 billion directly;$500 million indirectly)
$241
Million in Annual Recurring Economic Output at Full Build-Out
($163 million directly; $78 million indirectly)
Cumulative Construction Job-Years
(10,980 onsite, plus 1,950 offsite)
Total Recurring Job-Years at Full Build-Out
(590 onsite; 240 offsite)
$2.2
Billion in One-Time Economic Output from Construction
($1.7 billion directly; $500 million indirectly)
$241
Million in Annual Recurring Economic Output at Full Build-Out
($163 million directly; $78 million indirectly)
Concept Design
The video below provides a three-minute preview of the Freedom West 2.0 concept design plan as currently proposed.
Meet our Development Team
Property Owner
Development Partner
Development Partner
Lead Advisor,
Freedom West Homes
Affordable Housing
Consultant
Architect
General Counsel,
Freedom West Homes
Advisor,
Freedom West Homes