Now Playing



Ron Conway, Marc Benioff, Sean Parker, and the Warriors Just Funded 101 Homes for Veterans and Low-Income Families

Thanks, Ed Lee. (No, seriously, thanks).

Ron Conway

Ron Conway

 

San Francisco residents have, unsurprisingly, a bit of a love/hate relationship with the mega-buck big names in the tech world. And while some of those criticisms might have a point, every once in a while it’s hard to be cross about what they’re doing. Case in point: This afternoon, Mayor Ed Lee announced the funding of 101 housing units in Mission Bay on Third Street that will be made available to veterans and low-income families.

The housing is supported by $5 million in private contributions from major players in the city’s technology and development worlds, including Ron Conway, Marc and Lynne Benioff, Peter Thiel, Sean Parker, Andrew Mason, Drew Houston, Alfred and Rebecca Lin, and the Golden State Warriors. The donations were gathered through sf.citi, a Chamber-of-Commerce style initiative that has been the brainchild of Conway, which partnered with Hamilton Family Center, a longstanding nonprofit housing organization.

According to the mayor’s office, the donations will help pay for design and construction of the housing and for ongoing costs related to will supportive services, medical and vocational equipment, unit furnishings, and other capital costs.

 

Have feedback? Email us at letterssf@sanfranmag.com
Email Scott Lucas at slucas@modernluxury.com
Follow us on Twitter @sanfranmag
Follow Scott Lucas on Twitter @ScottLucas86