Habitat for Humanity Greater San Francisco Annual Report 2020

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Building Families a Future since 1989

Habitat for Humanity Greater San Francisco

Annual Report 2020


WELCOME Dear Habitat Supporter,





The journey to homeownership has been, and continues to be, inequitable. Even though most families work tirelessly to achieve the American Dream of retaining or experiencing homeownership, it has been systemically, through policy and practice, predominantly only available to white families. This is not an equal playing field. Structural racism has been a barrier in both housing policies and lending and purchasing practices since redlining began in the 1930s. By providing financial incentives to reject financing in neighborhoods with high concentrations of people of color, generations were left out of the American Dream. Habitat works every day to address the systemic inequities of a long national history of housing discrimination. We do this by providing one of the only opportunities for low income families to become first time home buyers, and by preserving homeownership for long time homeowners, so they can retain their homes and pass that legacy on to the next generation. For most Americans, their greatest asset is their home. It contributes to two-thirds of their amassed wealth over the time they are owners. Habitat’s mission is fueled by over forty years of working toward housing justice. Habitat Greater San Francisco is proud to say that over 85% of our first time homeowners are people of color, and we see first-hand how this changes the trajectory of families. With home-

ownership leading to stronger economic outcomes through increased savings and wealth and equity building, an increase in children’s educational success and attainment levels, increases in community and civic engagement through volunteerism and, finally, improvements in physical and mental health – with families often reporting less stress, better school attendance and higher self-efficacy. Habitat for Humanity was born on a farm in South Georgia practicing the theory of ‘radical inclusivity’ at a time when inclusivity was seen as an existential threat. These roots run deep in our organization and are a strong foundation upon which we build. We must continue to be called to this work, at this time, for this generation joining together and working to level the playing field for families through building, preserving and financing affordable homeownership opportunities. We were made for this moment. We partner with hard working, strong, and resilient families, to help them realize their dreams, in the same way many of our parents were able to: through the power of the great equalizer, homeownership.

Maureen Sedonaen Chief Executive Officer

Hilary Billings Board Chair

THE NUMBERS Net Assets $26,786,429

WHAT WE DO Building New Homes

Engaging the Community

26 ----

6.5k ----

New homes currently under construction in Daly City and Redwood City.

Hours given from our army of over one thousand volunteers. Our mission simply could not be achieved without them.

Preserving Homeownership

Speaking Up For Homeownership

200 ----

15 ----

Families helped to retain their homes and age in place, allowing them to retain their asset for future generations.

Bills signed by Governor Newsom aimed at increasing housing production and tackling California’s affordability crisis.

INCOME Public Support $5,404,941 Sales of Homes $725,785 Mortgage Revenue $478,556 Sale of Mortgages $535,035 Restore & Other $214,557 TOTAL $7,358,874

PUBLIC S UPPORT Individual $3,287,156 Corporate $425,544 Foundations $437,286 Grants $357,961 Special Events $474,655 Other* $422,339 *Other includes: in-kind donations, faith and other organizations.

E XPE NS E S Programs $5,183,716 Fundraising $1,466,361 Admin $2,222,069 TOTAL $8,872,146† †

$853K of forgiveness for a Payment Protection Program loan will be recognized in FY2021.

The financial data reported above is summarized based on the audit performed by Armanino, LLP. Copies of the audit report are available upon request: finance@habitatgsf.org

WHAT WE’VE DONE Habitat’s mission is about building and sustaining homeownership

opportunities. We deliver on that mission through the construction of affordable homes, preserving homeownership, and advocacy. Each of these efforts drives housing equity and affordable homeownership for hard-working families in the Bay Area. Building Currently, we’re building 20 new homes in Redwood City, with another 6 new, affordable townhomes under construction in Daly City. In the coming months, through our sweat equity program, our newly selected homeowners will be joining the construction crews to help build the houses they will soon be calling home.

Preserving This past year we celebrated the milestone of our 200th critical home repair. Our home preservation program helps low-income families keep their homes, stemming displacement and keeping communities strong. Oftentimes, these homeowners are senior citizens who can no longer afford the upkeep on their homes. Through home preservation not only can they stay in their beloved communities, but they retain this vital asset to pass along to the next generation. Advocating Habitat and our community partners strongly advocate for affordable homeownership and housing. Last fall, Governor Newsom signed 15 bills aimed at increasing housing production and tackling California’s affordability crisis. By removing barriers to creating more affordable housing, we are making California stronger, and it all starts right here, in the Bay Area.

Patricia, 200th home preservation homeowner

Habitat on the Hill 2020

612 Jefferson Avenue, Redwood City

Geneva Village, Daly City

WHAT’S TO COME Over the last 30 years, with the help of our dedicated volunteers, our construction crews, generous donors, and our homeowners we have built over 240 homes in the Bay Area. And, over the next decade, we’re committed to building 300 permanently affordable homes across our service region in Marin, San Francisco, and San Mateo counties. One of the biggest opportunities for affordable homebuilding in recent years is coming to fruition in San Francisco through a partnership with AvalonBay Communities, Bridge Housing and Mission Housing. The Balboa Reservoir project, located on the site of a City College of San Francisco (CCSF) overflow parking lot, will bring over 1000 new housing units to the area. This will include 550 affordable family units – which will become home to thousands of our neighbors. The development is located only steps from a wide range of public transit options and will feature an array of amenities for the wider community such as a new childcare center and a public park. Many of San Francisco’s leading developers have worked together to make this project a reality. Habitat Greater San Francisco is part of the team and will be building twenty affordable homes for homeownership. Also in the pipeline is an 80-unit property in the North Bay as well as construction commencing this year on 8 new homes in the Diamond Heights neighborhood of San Francisco.

Balboa Reservoir Project, San Francisco

Building Families a Future since 1989