View the video below for highlights from the event.
ABOUT THE EVENT
The inaugural Parity Zone Symposium gathered nationally recognized leaders from industry, philanthropy, academia, government and community to facilitate in-depth discussions and the exchange of ideas about how equitable placemaking development, featuring community ownership structures in high-opportunity, high-cost cities (Parity Zones) can be used to eliminate the gaps in economic outcomes that continue to widen for BIPOC residents and business owners across the country.
“Unless progress accelerates, it would take community profiles anywhere from 110 to 320 years to eliminate gaps in economic outcomes for Black and White residents.” – McKinsey Institute for Black Economic Mobility – The State of Black Residents, February 2024
EVENT PROGRAM HIGHLIGHTS
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8:30 AM Registration
9:00 AM – 1:00 PM Symposium
Keynote Fireside Chat
Framing the Parity Crisis – Insights from McKinsey’s Institute for Black Economic Mobility Report, with Shelley Stewart III, Senior Partner, Global CMO, McKinsey & Company
Case Study of a Parity Zone Under Construction Freedom West 2.0
Examination of the $2.3 Billion place making, co-op revitalization development in the Fillmore District of San Francisco. A model for systems change and potential replication.
Scaling Parity Zones Nationally
Expert panelists from industry, government, philanthropy and academia explore strategies, public private partnerships, and legislative innovations needed to refine and build out the Parity Zone framework for replication and scale.
Reception
Attendees discuss outcomes, form new connections, and explore potential partnerships to help advance their organizations efforts to improve economic outcomes for BIPOC residents and entrepreneurs in high cost high opportunity cities.
Speakers
Fred Blackwell
Chief Executive Officer, San Francisco Foundation
Shelley Stewart III
Senior Partner & Global Leader, Reputation and Engagement, New York, McKinsey & Company
Carol Galante
Founder & Faculty Director Emerita, Terner Center for Housing Innovation, UC Berkeley
Landon Taylor
Chief Executive Officer, MacFarlane Partners’ Investment Management Group
Thor Kaslofsky
Executive Director, Office of Community Investment and Infrastructure
Daryl J. Carter
Chairman and Chief Executive Officer, Avanath Capital Management
Ann Taupier
Director of Development, Office of Economic and Workforce Development, City and County of San Francisco
Victor MacFarlane
Founder & Executive Chairman, MacFarlane Partners
Dan Nissenbaum
Chief Executive Officer, Low Income Investment Fund (LIIF)
Dr. Marc Spencer
People Leader, Seasoned C-suite Executive, Founder, Social Entrepreneur, Philanthropist, Educator, Board Member, Shareholder, Premium Event Organizer
Jahmal Miller
Chief Administrative Officer (CAO), Dignity Health Mercy Medical Group
Mattie Scott
Founder, Healing 4 Our Families & Our Nation; President, Freedom West Cooperative
Ramsey Jay, Jr.
Founding Principal of Ramsey Jay, Jr. and Associates
Melinda Grant
Undersecretary at the California Business, Consumer Services and Housing Agency
Noah Wintroub
Global Chair of Investment Banking, JP Morgan
Photo Gallery
Explore the images below for highlights from the event.
CO-HOSTS
Low Income Investment Fund (LIIF)
The Low Income Investment Fund (LIIF) is a nonprofit community development financial institution (CDFI) that mobilizes capital and partnerships to create more equitable access to opportunity for all. We focus on Black, Latino, and other people and communities of color whose opportunities have been limited by exclusionary policies and practices. We invest, partner and advocate based on our belief that high-quality affordable housing, early care and education, educational opportunities, good jobs and access to health care are key to individuals’ and communities’ well-being.
Common Spirit Health
At CommonSpirit Health, we passionately care for the most vulnerable, relentlessly innovate how and where healing can happen and believe in uniting to benefit the common good. Our expansive network spans diverse communities, uniquely positioning us to meet their changing needs, improve population health and help chart the path to health equity.
Our mission, vision and values inform every aspect of our work each day and remind us that we serve our patients, their families, our communities – and each other. Our community health, research and home health programs help us address the primary barriers to healthier communities.
Institute for the Future
Institute for the Future is the world’s leading futures organization. For over 55 years, businesses, governments, and social impact organizations have depended upon IFTF global forecasts, custom research, foresight education and training to navigate complex change and develop future-ready strategies. IFTF methodologies and toolsets yield views of transformative possibilities across all sectors that together support a more equitable and sustainable future. Institute for the Future is a registered 501(c)(3) nonprofit organization based in Palo Alto, California. For more, visit www.iftf.org.
Freedom West
Freedom West Homes Corporation is a nonprofit housing cooperative comprised of 382 housing units located in the Fillmore District of San Francisco. In the late 1960s, in a period of civil turmoil, Rev. J. Austell Hall had a vision to preserve a portion of this neighborhood that was being threatened by the City’s urban renewal. From this vision, he established Freedom West with the objective of creating a safe, affordable community, protecting cultural diversity, and providing a source of social and economic empowerment through co-operative ownership. For additional information visit Freedom West Homes.
Macfarlane Partners
MacFarlane Partners is a real estate investment management and development firm that acquires, develops and manages properties on behalf of some of the world’s largest pension plans and institutions. Founded in 1987, the firm pioneered the urban investment concept among institutional real estate investment managers in the 1990s and today is a leading investor and developer of properties that promote smart growth, urban revitalization and sustainability in urban and high-density suburban areas nationwide. It is headquartered in San Francisco and operates regional offices in Los Angeles and Seattle. For additional information, visit Macfarlane Partners.
JP Morgan
JPMorganChase (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.2 trillion in assets and $346 billion in stockholders’ equity as of September 30, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
San Francisco Foundation
Founded in 1948, the San Francisco Foundation is one of the nation’s largest community foundations — a grantmaking public charity dedicated to improving life within a specific local region. Our mission is to mobilize resources and act as a catalyst for change to build strong communities, foster civic leadership, and promote philanthropy in the San Francisco Bay Area. Together with community leaders, nonprofits, and donors, we are committed to advancing racial equity and economic inclusion to ensure that everyone in the Bay Area has a chance to get a good job, live in a safe and affordable home, and have a strong political voice.
Avanath Capital Management
Avanath Capital Management is a privately held, vertically integrated investment firm managing real estate and real estate-related investments generating risk-adjusted returns through current income and capital appreciation from its investments. The firm is also a Registered Investment Adviser and provides property management services through Avanath Realty, Inc. Founded by Daryl J. Carter, the Avanath management team averages 25 years of experience and has successfully guided investment funds in defining growth opportunities and delivering past returns that have performed on par with or surpassed returns in comparison to relative benchmark(s). Avanath professionals have real estate operating expertise and long-standing relationships with strong local, regional and national sponsors that can access investment opportunities aligned with Avanath’s initiatives. More information is available at www.avanath.com.
Terner Labs
Legacy First Partners
At Legacy First Partners, we help our clients preserve and build legacy, through their investment in, and strategic use of commercial real estate assets.
Bethel AME Church
Bethel AME Church, San Francisco, affectionately known as “The House” particularly The House of God. Our goal is to exercise faith and build community to transform lives. We aim to express a message of hope that we have in Jesus Christ.
Stay Informed
If you’re interested in staying informed about the continued development of the Parity Zone framework discussed during the symposium or model Parity Zone projects such as Freedom West 2.0, please complete the form below.