URBAN STRATEGIES COUNCIL’S

RECOMMENDATION TO CAC ON Shipyard Legacy Fund (SLF)

PRIORITIES FOR INVESTMENT

July 10, 2006

The Challenge: Focusing Fund Resources

Every Community Building Area is important.

Fund not big enough to fix everything. Are there places to focus resources that

can create an ENGINE OF CHANGE?

RECOMMENDATIONS ON PRIORITY AREAS

1. Select an “engine” of change2. Economic development-- emphasizing

employment, housing and financial and asset development– is the engine

3. Incorporate focus areas into economic development investments (youth development, services for elders, arts culture and recreation and heath, environment and safety)

“Over $1 billion ineconomic development investments will significantly impact the (BVHP and Visitacion Valley) neighborhoods in the next few years.”*

SOURCE: Mayor’s Office of Communities of Opportunity Pilot Phase Business Plan2006-2010Executive Summary

The Neighborhood Context

ENGINE OF CHANGE

ECONOMIC DEVELOPMENT

ENGINE OF CHANGE

ENGINE OF CHANGE

SHIPYARD LEGACY FUND (SLF)

Actively participates in ECONOMIC DEVELOPMENT projects In the neighborhood to represent interests of residents

ENGINE OF CHANGE

SHIPYARD LEGACY FUND (SLF)

Actively pursues EMPLOYMENT for residents in economic development projects In the neighborhood

ENGINE OF CHANGE

SHIPYARD LEGACY FUND (SLF)

Pursues affordable rental and purchase HOUSING to support savings and home purchase to build resident assets

ENGINE OF CHANGE

SHIPYARD LEGACY FUND (SLF)

Establishes comprehensive ASSET DEVELOPMENT programs to support residents in accumulating assets

ENGINE OF CHANGE

Money Land

Capital Investment

Human Services

ENGINE:Economic

Development

Focus Areas:

Arts & Culture

Health/Envir

Education

Youth

EldersScholarship

Fund

Media Arts Training Facility

Community Land Trust

EMPLOYMENT

ASSET DEVELOPMENT

HOUSING