(Watch video of MEDA’s community-development work.) “Good evening. I want to welcome the community. Thank you for joining us this evening. My name is Karoleen Feng, and I am proud to be the director of Community Real Estate for the Mission Economic Development Agency. “Tonight is our chance to all take a pause to celebrate not…
by Director of Community Real Estate Karoleen Feng Contributed to by Project Manager Leslie Palaroan and Project Assistant Dylan Hamilton Back in 2014, MEDA responded to the call by the City of San Francisco to transition ownership and management of public housing, with the aim to have nonprofits engage with residents who had lived for…
Longtime Mission and San Francisco residents are sure to remember Rainbo Bakery, once a bustling neighborhood venture that, unfortunately, was compelled to shutter its doors a decade ago. The good news is that this abandoned bakery, at 1990 Folsom (cross street 16th), is now ready to bring grist for the mill to the community. The…
by Director of Community Real Estate Karoleen Feng A few years ago, MEDA staff consistently started hearing a dire story: Our families were experiencing no-fault evictions or being priced out of the Mission as an influx of newcomers earning six figures moved in. Sadly, the paucity of affordable-housing options — with a decade of zero…
When the MEDA Community Real Estate team saw a realtor’s prominently placed billboard advertising that 3329-3333 20th Street in the Mission was on the market, they knew of the urgency to reach out to the tenants, who could all be vulnerable to eviction. The feel at 3329-3333 20th Street is that of a community within…
Press release from May Ed Lee’s Office, April 25, 2017. Mayor Lee Celebrates 100 Apartments Protected Under City’s Small Sites Program Recent purchase of properties adds to growing list of housing preserved in Richmond, Mission, North Beach, Bernal Heights/Outer Mission, Duboce Triangle and Noe Valley neighborhoods San Francisco, Calif.– Mayor Edwin M. Lee today announced…
The Mission community is invited to the first in a series of gatherings about 681 Florida, the new development that MEDA will be building and managing in conjunction with Tenderloin Neighborhood Development Corporation (TNDC). The meeting venue will be the community room at Mosaica, 680 Florida St., with the time next Wednesday, April 19, from…
The Trump Administration’s proposed Fiscal Year 2018 budget, announced Feb. 27, augments military spending by $54 billion — a 10 percent increase. The administration aims to offset that staggering cost by decimating non-defense cabinet departments’ budgets by the same 10 percent (Figure 1). These non-defense programs have for decades showcased positive impacts in communities of…
Lend an ear to this exciting news: Adelante Fund, MEDA’s community loan arm, just became a certified Community Development Financial Institution (CDFI). With only about 1,000 CDFI’s across the land, and just 11 others based in San Francisco, this is especially big news. Additionally, MEDA is the only San Francisco CDFI focusing primarily on providing…
Some of the 24 tenants of 3229 20th St., who fought eviction, with MEDA buying their building via the Small Sites Program. Photo by Beatriz Ordonez. The San Francisco Business Times’ recently published story, “The Mission Economic Development Agency Still Doesn’t Get It,” questions our community-based organization’s role in the real estate dynamics of the Mission…
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