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Prepared by Urban Strategies Council for the Hunters Point Shipyard

SHIPYARD LEGACY FUND: Process Overview and CAC Recommendations to Date Presentation to: San Francisco Redevelopment Commission January 16, 2007. Prepared by Urban Strategies Council for the Hunters Point Shipyard Citizen’s Advisory Committee (CAC) www.urbanstrategies.org.

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Prepared by Urban Strategies Council for the Hunters Point Shipyard

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  1. SHIPYARD LEGACY FUND:Process Overview and CAC Recommendations to DatePresentation to: San Francisco Redevelopment CommissionJanuary 16, 2007 Prepared by Urban Strategies Council for the Hunters Point Shipyard Citizen’s Advisory Committee (CAC) www.urbanstrategies.org

  2. Enhanced Community Benefits • ASSETS: • Land Sales Proceeds • A portion of net land sales proceeds • Community Facility Parcels • Six acres for community facilities

  3. Urban Strategies Council Tasks • Synthesize Existing Needs Assessments • Inventory BVHP Programs and Analyze Gaps • Develop “Roadmap” – Fund’s Initial Investments • Identify Organizational Models (“QPE”- Quasi Public Entity) • Conduct Community Outreach and Consultation

  4. Developing Shipyard Legacy Fund Recommendations CAC recommendations will include: • Investment priorities; • An initial investment strategy (“investment roadmap”); and • What type of organization should the QPE be.

  5. The Process: Supervisory Team, CAC Special Sessions And Community Workshops CAC takes action on recommendations SHIPYARD LEGACY FUND 1.What to invest in (priorities and gaps) 2. Investment strategies (Roadmap) 3. What type of organization should the QPE be CAC meetings and discussions Community Workshops - Participants offer their preferences and feedback

  6. Recommendations on Investment Priorities “Engine” of change: Economic Development: • Emphasizing: employment, housing and financial and asset development • Incorporate focus areas: 1) youth development; 2) elder services; 3) arts, culture & recreation; 4) health, environment and safety

  7. Roadmap Recommendations on How to Invest and Spend: Place most of the money in an endowment. Use the remainder of the money for immediate, direct spending. Decide percent of money for endowment and percent for direct spending after CAC knows how much money the SLF will receive and when. Identify funds for the start up and operating expenses of the QPE.

  8. Roadmap Recommendation #1:First Matched Spending Project Community Benefits Project • Immediately create Community Benefits Project to develop high levels of community capacities to participate in land use and development planning. • Provide resources to support community planning and development. • Require that Legacy funds for this program are matched by other sources of funds.

  9. Opportunity Map

  10. Roadmap Recommendation #2:Second Matched Spending Project Working Families Center • Create multi-service center to help residents reach financial goals. • Ensure strong links to existing programs. • Require that Legacy funds for this program are matched by other sources of funds.

  11. Roadmap Recommendation #3: Environmental Justice Fund • The fund would provide grants, loans and financial assistance to organizations, small businesses and residents to address environmental health issues.

  12. Roadmap Recommendation #4: Signature Project • Identify and Invest in a Signature Economic Development Project. • “Double Bottom Line”- both a Financial and a Social Return on Investment. • Consider if Community Parcels will be good location for the Signature Project.

  13. Roadmap Recommendation #5: Community Facilities Parcel • Determine the best use of the community parcels. • Consider use of parcels in the Signature Economic Development Project.

  14. Next Steps • Complete process for developing recommendations for the QPE. • Prepare final integrated recommendations. For more information and documents, see http://www.urbanstrategies.org/slfp/index.html

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