Cisco to Provide Destination: Home with $50 Million Over Five Years to Help End Homelessness in Santa Clara County
March 26 2018 - 3:30PM
Destination: Home today announced that Cisco has committed $50
million over the next five years to help end homelessness in Santa
Clara County. Destination: Home will utilize this significant
partnership with Cisco to leverage existing public resources to
build more housing for the most vulnerable residents, improve
technology capacity across the homeless services sector, and invest
in promising and evidence-based practices to most effectively help
individuals and families in need of support and
stability.
Silicon Valley is home to some of the nation’s
most prosperous communities, yet in Santa Clara County
approximately 7,400 people are without home and 2,000 are
considered chronically homeless — the third highest rate of chronic
homelessness in the United States. To solve this crisis, there must
be supportive policies in place, political and community will, and
funding to acquire land and build the housing.
This unprecedented private sector commitment
from Cisco represents a unique opportunity for the community. With
Santa Clara County voters approving Measure A in 2016, a $950
million housing bond with $700 million dedicated to increasing the
supply of Extremely Low Income and Supportive Housing, this new
funding from Cisco will give Destination: Home the ability to
leverage, innovate, and fund the best solutions, programs, and
approaches available to end homelessness in the region.
“We have said for a long time that it is up to
all of us to end homelessness in our community,” said Jennifer
Loving, CEO of Destination: Home. “Cisco has fully embraced that
concept, and is stepping up in a big way to provide the type of
critical private sector leadership and substantial funding that is
necessary to address this crisis head on. We couldn’t be more
thrilled or grateful to have Chuck Robbins and the Cisco team at
the table.”
“We can put an end to homelessness in Santa
Clara County and there is no better partner in this work than
Destination: Home,” said Chuck Robbins, Chairman and CEO of Cisco.
“I hope to join together with other business leaders across the
technology industry so that with our collective creativity and
innovative spirit, we can create a thriving community for
all—including those who need our help the most.”
“One of the reasons that Silicon Valley will
continue to thrive is because of the leadership of people like
Chuck Robbins and generosity of companies like Cisco who invest in
our community in a meaningful and compassionate way.”—Cindy Chavez,
Santa Clara County Board of Supervisors.
“My deepest thanks to Chuck Robbins and Cisco
for their leadership, collaboration and commitment to solving our
community’s homelessness crisis. Cisco’s extraordinary gift will go
a long way to helping house more of our homeless neighbors, and
serves as a prime example of how our community is coming together
to confront some of our greatest challenges.”—Sam Liccardo, Mayor
of San Jose.
Cisco has made the first $20 million of its $50
million commitment to this work through the Cisco Fund at the
Silicon Valley Community Foundation.
Additional Resources:
See how Destination: Home is changing lives.
Read the blog from Cisco Chairman and CEO Chuck
Robbins.
About Destination: Home
Destination: Home is a public-private
partnership serving as the backbone organization for collective
impact strategies to end homelessness in Santa Clara County. The
organization drives and aligns resources to create permanent
housing, support technology-based solutions, and develop innovative
and promising approaches to serve the most vulnerable residents in
the community. As a convener, advocate, resource developer, and
funder for the issue of homelessness in Silicon Valley,
Destination: Home is improving how systems work together to prevent
and end homelessness, while realizing the vision that no one sleeps
outside.
To learn more, visit:
https://destinationhomesv.org
Media Contacts:
Robyn BlumCisco Corporate PR+1
408.930.8548rojenkin@cisco.com
Ray BramsonChief Impact Officer, Destination:
Home408-242-6410ray@destinationhomesv.org
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