By Roland Li :bizjournals – excerpt
The San Francisco Bay Area Renters Federation, a group of activists who believe more market-rate housing will alleviate high rents, has gained a powerful backer from the tech industry: Jeremy Stoppelman, CEO of Yelp.
Stoppelman gave a gift of $10,000 to the group’s founder, Sonja Trauss, a former private school math teacher who began working full-time on promoting real estate development at the beginning of the year.
Stoppelman first heard about SFBARF after his mom forwarded him a Business Times profile of the group, said Trauss. He was interested in helping to the group by participating at planning department hearings and supporting the group on social media, she said. That relationship led to financial support.
“I believe Sonja represents a massive segment of the population that’s been largely ignored in the discussion on Bay Area housing – renters,” said Stoppelman. “I wanted…
View original post 452 more words