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San Francisco LAFCO introduces Reinvestment Working Group, hires HR&A to draft public‑bank plans

San Francisco Local Agency Formation Commission · May 20, 2022
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Summary

LAFCO introduced members of its Reinvestment Working Group and HR&A Advisors, which will lead a two‑phase feasibility and business‑planning process for a public bank. Phase 1 focuses on education and engagement; Phase 2 will develop governance and viability documents for regulators.

San Francisco’s Local Agency Formation Commission on Monday introduced members of a newly formed Reinvestment Working Group and a consulting team contracted to develop feasibility, governance and business plans for a potential public bank.

Khaled (policy analyst for the working group) and Chair Kristen Evans introduced members who will represent community, housing, financial‑institution and other stakeholder seats. Members who spoke by name included Rafael Morales (Self‑Help Federal Credit…

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