DiGiPHOTO

January 6^th, 2011

FOR IMMEDIATE RELEASE

Press Advisory-for Business, Community and Current Affairs Desks

For more information, please contact:

Tracy Parent, Organizational Director

San Francisco Community Land Trust

(415) 399-1490

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www.sfclt.org

San Francisco Community Land Trust Awarded $45,000 by The San Francisco Foundation

Investment part of Foundation’s response to ongoing recession.

The San Francisco Community Land Trust (SFCLT) is pleased to announce a $45,000 award from The San Francisco Foundation (TSFF).  Our organization is honored by the foundation’s recognition of our innovative housing model that preserves affordable San Francisco multi-family housing and enables low-income residents to develop assets. This investment builds on the success of the Columbus United Cooperative in Chinatown and builds momentum for our community preservation work in the Western Addition and South of Market neighborhoods.

The grant is part of the foundation’s 2010 Priority Funding in response to the recession and its collateral effects. It’s Priority Funding focuses on strengthening the safety net, investing in job training and creation, and foreclosure prevention and neighborhood recovery in order to support those who have been hit hardest by the recession.

“We are honored to support San Francisco Community Land Trust and their innovative and very important housing model that ultimately will strengthen our most vulnerable communities,” said Vanitha Venugopal The San Francisco Foundation’s Director for Community Development and Investment.

Fred Lambright, Organizational Director of the SFCLT stated, "The San Francisco Community Land Trust is grateful to The San Francisco Foundation for its grant award.  The support will help us to reach our goal of helping to stabilize low-income communities through the development of limited-equity affordable housing cooperatives."

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