Looking to the Future
Once this project is complete, this community will receive the benefits of a 2.2 billion project that will have an influx of a $600 million direct benefit for Freedom West residents, and the surrounding community, by way of additional housing stock, access to 21st century high-paying jobs and a sustainable financial plan. The financial plan would include new sources of income from additional residential and retail componentsthat will naturally provide much-needed services for banking, quality food sources, event space, improved access to streets and transit, as well as childcare.
The plan will also help address the growing affordable housing crisis in San Francisco which has contributed to the loss of the African American population in the Fillmore and the City at-large by doing the following:
- Building new affordable rental units for low-to-moderate income residents
- Working with MOHCD and local nonprofit organizations to explore ways to improve access/awareness about the availability of the new units to benefit both existing and past residents of the Fillmore
STEM Workforce & Entrepreneur Development
In partnership with the Base 11 Next Frontier Initiative and OEWD, Freedom West 2.0 will build an onsite NFI Innovation Center with integrated partnerships (from industry, academia, philanthropy, and government), programming, and resources designed to address the systemic racism and barriers which has led to the significant racial income and wealth gap that exists between Black, Indigenous and people of color (BIPOC) and the majority white population in San Francisco.The plan will include the following:
- Preparing Fillmore residents to enter and accelerate to success in high paying STEM related careers in Next Frontier industry segments of the 21st Century economy including; Data Analytics, Cyber Security, FinTech, Health Care, Life Sciences, Autonomous Systems, Advanced Manufacturing, Ed Tech, Private Equity / Venture Capital, and Aerospace.
- The exponential growth of the internet and tech industry in the 1990s was the most recent frontier industry, and Black, Indigenous, and other people of color (BIPOC) were essentially left out. Despite years of effort to improve diversity in Silicon Valley, Facebook and Google each report 3% of their tech employees are African American, while Microsoft and Apple report 5% and 6% respectively, according to Wired. Blacks comprise 13.4% of the American population. The Next Frontier Initiative at Freedom West 2.0 will address this disparity by accelerating the development of well-trained BIPOC talent to fill the hiring needs of employers and launch new tech and science driven entrepreneurial ventures.
Co-Ownership in 2 Million sq. ft. of San Francisco Real Estate
Freedom West 2.0 will partner with, industry, philanthropy, state and federal government agencies to develop a pathway to homeownership for Fillmore residents including Freedom West Co-op members who have a desire to buy a house or condominium of their own in San Francisco. Services and resources will include:
- Free financial literacy and homeownership education and 1:1 counseling
- Information about and access to down payment assistance programs
- Early notification about affordable housing for purchase becoming available
- Early notification about special first-time home buying loan programs being offered by financial institutions