Adoption of the comprehensive financial, social equity, and environmental due diligence criteria. Raising the capital to close the funds in the Family of Funds and making the first investments. Approval of 3 to 5 keystone developments in the priority neighborhoods leading to substantial private, public, and community investment. The stakes are high. Without smart growth in the Bay Area, farmland and open space will continue to be consumed at the edge of the region, traffic and air quality will worsen, and the continued prosperity of the region will be degraded.
Smart growth means that development needs to be focused in the urban core and inner ring suburbs.
However, if this development is not to produce displacement of current residents, it must also address poverty reduction through private, public, community partnership in keystone developments that provide livable wage jobs and community wealth creation opportunities for local residents.