SF is working on its business plan for a public bank


Manage episode 299347678 series 2568620
By San Francisco Public Press, KSFP, Laura Wenus, Liana Wilcox, and Mel Baker. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
The proposal to create a public bank for San Francisco, in order to provide an alternative to big banks for the city's investing and lending needs, is moving incrementally from concept toward reality. A working group of experts in different relevant fields, from finance to affordable housing, has now been selected to start work on a business plan for a public bank. Fernando Martí, co-director of the Council of Community Housing Organizations, and Sylvia Chi, principal co-author of AB 857, California's Public Banking Act and a member of the California Public Banking Alliance, talk about how this would work and what happens next.

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