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    "ocrText": "The San Francisco Asset Building Initiative: Planning Process\nNow is an opportune time to inaugurate a county-wide asset building initiative in San Francisco.\nAdvocates and policymakers are crafting a Living Wage Ordinance. Housing officials are trying\nto expand the availability of affordable housing. Public funds are increasingly available to\nsupport the working poor. SFABI will augment existing income-based anti-poverty programs by\nproviding the poor opportunities and tools for asset accumulation.\nThe SFABI Working Group consists of representatives from nonprofit workforce development\nagencies, the Department of Human Services, and the philanthropic community. In recognition\nof the importance of asset accumulation in helping families attain economic independence, the\nWorking Group has organized - and raised funds to support - a year-long planning process for\ndevelopment of a county-wide asset building initiative. The planning process is guided by a\nSteering Committee of leaders from the public, private, nonprofit, and philanthropic sectors (The\nChairs of the Steering Committee are: Sandra Hernandez, CEO, The San Francisco\nFoundation; F. Warren Hellman, Chairman, Hellman and Friedman LLC; and Supervisor Mark\nLeno, San Francisco Board of Supervisors). Under their direction, the Working Group will:\ndevelop vision and mission statements;\nconduct focus groups of community\nresearch existing IDA programs;\nstakeholders; and\nexplore issues of scalability;\nidentify decision points for policymaking.\nThe planning process will culminate in January 2001 with the release of a comprehensive action\nplan for funding, implementing, and evaluating a county-wide asset building initiative. The plan\nwill be endorsed by community leaders including, but not limited to, members of the Steering\nCommittee.\nPreparing for Implementation\nThe SFABI planning process is underway. Funds have been raised, the Steering Committee\nhas been convened, and the Working Group is immersed in research. The Working Group and\nSteering Committee are committed to putting the pieces in place, but a strong investment is\nneeded to take SFABI to the next level. Going to scale - thousands of accounts and millions of\ndollars in matching funds - requires a new delivery and monitoring system, one that utilizes the\nlatest technology. The tech community needs to be brought on board to support the\ndevelopment of this system. Partnerships need to be established with financial institutions,\ncommunity organizations, and public agencies. Match money needs to be raised, and the\ncommunity needs to be educated. SFABI hopes to take full advantage of the momentum\ncoming out of the planning process, by putting in place, prior to its conclusion, a core\norganization with sufficient funds and staff to promote implementation of the plan and coordinate\nthe aforementioned activities.\nWhen you invest in SFABI, you are supporting an unprecedented effort to expand access to the\n\"American dream.\" For additional information about SFABI and how you can get involved,\nplease contact:\nAnne Stuhldreher\[email protected]\n(415) 217-5193\n3"
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