Luis G.
San Francisco
The Mission Economic Development Agency (MEDA), of which I am executive director, knows that San Francisco's Mission District is at a crossroads. Post the Great Recession, a bustling economy has added an envied vibrancy to the community, bringing myriad dollars to the neighborhood; however, this new affluence has not benefited all, as many longtime Mission residents and small businesses have been displaced. More than a decade of minimal net-new affordable housing has led to an imbalance. The Mission is currently in the midst of quick gentrification, with low- to moderate-income families overwhelmingly being replaced by high-income individuals. The median income for the neighborhood jumped from $49,000 in 2000 to a staggering $73,000 in 2012. This jump has not come solely from increased prosperity of Mission residents, but is coupled with longtime neighborhood residents and businesses being compelled to move away because of economics. Based on the 2014 area rent of $3,800 for two-bedroom apartments, families would need to earn over six figures per household to avoid being rent burdened. MEDA is urgently helping its clients with asset building, so that the Mission remains the inclusive, vibrant community it has always been. We are poised to turn the curve on trends of displacement of our clients.