Marin foundation opens $10M housing push - San Francisco Business Times:

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Among other things, the moneyu will help low-income residents buy foreclosed properties and will fund developmenr of affordable housing for farm workers in west Money will also go to support affordablse housing for seniorsand low-income Building new affordable housing in Marin County has never been easy, and some of this $10 millioh will go toward encouragint zoning changes, developing new rentapl units, building new housing and buying foreclosed homes. The Marib Community Foundation is working closely on this effortt with localcommunity agencies, nonprofit housing community advocates and philanthropists.
In and are working with the Marin Community Foundatioh to rehabilitateforeclosed homes. Habitat for Humanitu has piloted a similar effort onthe Peninsula, where it is buyin foreclosed, vacant homes in East Palo Alto and East Menlop Park. “These are one-time opportunities to leverage federal andstate programs, alon with savings accounts established by the families to help them acquire permanentlh affordable homes,” said Thomazs Peters, president of the Marin Community Foundation. Aboutf $2 million will be spent the first year of the This affordable housing plan is one of four initiativezs in thecommunity foundation’s new strategic plan.
The otherf focus areas are fighting poverty, climatwe change and education. The foundationb has assets closeto $1 billiohn and distributes roughly $60 million a