"Stakeholders in cities around the world—from Seattle to Sydney to London—have reached out to CAST for consultation on how to stimulate community-centered real estate for artists." We're proud that Community Arts Stabilization Trust, which we seeded with a five-year, $5M grant in 2013, continues to serve as a model for major cities beyond San Francisco.
The rent is too darn high for artists. In San Francisco, the arts community was hit particularly hard after the 2010s tech boom sent rent prices soaring: A 2015 civic survey reported that 70% of the city’s artists had been displaced from their homes, workplaces, or both because of higher costs. Enter San Francisco-based Community Vision CA and their Community Arts Stabilization Trust (CAST) to protect local arts organizations from being priced out of the area. CAST offered local arts organizations like the experimental arts nonprofit CounterPulse an opportunity to stay in the community and eventually purchase the building they were leasing. Kyle Coward writes about this community-centered approach to real estate, which serves as a model for cities around the world. 🏙