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City’s Largest Landlord Launches Program to Cover Back Rent for Tenants Denied State Funds

The Veritas Tenants Association and advocates with the Housing Rights Coalition of San Francisco alleged Veritas had already received nearly $6 million in federal loans during the pandemic, when eviction and rent moratoriums were in place. The advocates urged Veritas to use those funds to cover the amount of back rent collectively owed by Veritas tenants — about $5.7 million.

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Housing rights activists hold a protest in San Francisco, Calif. on Sept. 29, 2021 to call on Veritas Investments to further work with people who owe back rent as the statewide eviction moratorium ends. (Photo by Bisma Farzansyed/ Courtesy of the Housing Rights Coalition).
Housing rights activists hold a protest in San Francisco, Calif. on Sept. 29, 2021 to call on Veritas Investments to further work with people who owe back rent as the statewide eviction moratorium ends. (Photo by Bisma Farzansyed/ Courtesy of the Housing Rights Coalition).

San Francisco (BCN)

San Francisco’s largest landlord earlier this week announced it will forgive the uncovered portion of back-rent owed by tenants unable to pay due to the COVID-19 pandemic.

With California’s eviction moratorium having expired more than two months ago, thousands of renters across the state have been faced with finding the funds to pay back rent incurred during the pandemic or face eviction.

Back in June, Veritas Investments, which owns some 250 residential properties in the city, announced it would voluntarily extend the eviction moratorium for its tenants through the end of the year, in addition to helping them apply for government rent relief funds.

On Tuesday, Veritas announced it would launch a “first-of-its-kind rent relief program,” in which Veritas will forgive the uncovered portion of a tenant’s back rent as long as they apply for state relief funds by the state’s Jan. 31 deadline.

If applicants are denied state funds to cover their rent debt based on a shortage of funds, then Veritas and its Green Tree Property Management affiliate company would then pay for the up to 18-month maximum coverage period offered by the state rent relief program.

Veritas COO Jeff Jerden said in a statement, “Veritas has been laser focused on helping our residents stay safely housed throughout this unprecedented crisis, including having the farthest-reaching eviction moratorium in the country, and giving residents direct aid in the millions of dollars to date.”

Both housing advocates and Veritas tenants have been urging the company to negotiate rent debt directly with its tenants.

In September, in an act of defiance, members of the Veritas Tenants Association announced a strike to withhold state rent relief applications to call out “corporate landlords” that intend on using limited government funds to cover rent debt.

The VTA and advocates with the Housing Rights Coalition of San Francisco alleged Veritas had already received nearly $6 million in federal loans during the pandemic, when eviction and rent moratoriums were in place. The advocates urged Veritas to use those funds to cover the amount of back rent collectively owed by Veritas tenants — about $5.7 million.

In response to Veritas’ latest announcement, officials with the Housing Rights Coalition called the new program a “partial but significant” win.

“VTA members have been at the forefront of urging large, corporate landlords like Veritas to minimize their reliance on public money and negotiate with their tenant associations,” VTA member and rent striker Juana May said. “We are proud that Veritas has made these commitments.”

VTA members on debt strike are continuing to call on Veritas to negotiate rent relief for tenants affected by the pandemic. VTA members on strike will be voting later this month on whether to continue the strike into January.

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Activism

Oakland Post: Week of March 4 – 10, 2026

The printed Weekly Edition of the Oakland Post: Week of March 4 – 10, 2026

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Oakland Post: Week of February 25 – March 3, 2026

The printed Weekly Edition of the Oakland Post: Week of – February 25 – March 3, 2026

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Chase Oakland Community Center Hosts Alley-Oop Accelerator Building Community and Opportunity for Bay Area Entrepreneurs

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

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Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.
Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.

By Carla Thomas

The Golden State Warriors and Chase bank hosted the third annual Alley-Oop Accelerator this month, an empowering eight-week program designed to help Bay Area entrepreneurs bring their visions for business to life.

The initiative kicked off on Feb. 12 at Chase’s Oakland Community Center on Broadway Street, welcoming 15 small business owners who joined a growing network of local innovators working to strengthen the region’s entrepreneurial ecosystem.

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

At its core, the accelerator is designed to create an ecosystem of collaboration, where local entrepreneurs can learn from one another while accessing the resources of a global financial institution.

“This is our third year in a row working with the Golden State Warriors on the Alley-Oop Accelerator,” said Jaime Garcia, executive director of Chase’s Coaching for Impact team for the West Division. “We’ve already had 20-plus businesses graduate from the program, and we have 15 enrolled this year. The biggest thing about the program is really the community that’s built amongst the business owners — plus the exposure they’re able to get through Chase and the Golden State Warriors.”

According to Garcia, several graduates have gone on to receive vendor contracts with the Warriors and have gained broader recognition through collaborations with JPMorgan Chase.

“A lot of what Chase is trying to do,” Garcia added, “is bring businesses together because what they’ve asked for is an ecosystem, a network where they can connect, grow, and thrive organically.”

This year’s Alley-Oop Accelerator reflects that vision through its comprehensive curriculum and emphasis on practical learning. Participants explore the full spectrum of business essentials including financial management, marketing strategy, and legal compliance, while also preparing for real-world experiences such as pop-up market events.

Each entrepreneur benefits from one-on-one mentoring sessions through Chase’s Coaching for Impact program, which provides complimentary, personalized business consulting.

Garcia described the impact this hands-on approach has had on local small business owners. He recalled one candlemaker, who, after participating in the program, was invited to provide candles as gifts at Chase events.

“We were able to help give that business exposure,” he explained. “But then our team also worked with them on how to access capital to buy inventory and manage operations once those orders started coming in. It’s about preparation. When a hiccup happens, are you ready to handle it?”

The Coaching for Impact initiative, which launched in 2020 in just four cities, has since expanded to 46 nationwide.

“Every business is different,” Garcia said. “That’s why personal coaching matters so much. It’s life-changing.”

Participants in the 2026 program will each receive a $2,500 stipend, funding that Garcia said can make an outsized difference. “It’s amazing what some people can do with just $2,500,” he noted. “It sounds small, but it goes a long way when you have a plan for how to use it.”

For Chase and the Warriors, the Alley-Oop Accelerator represents more than an educational initiative, it’s a pathway to empowerment and economic inclusion. The program continues to foster lasting relationships among the entrepreneurs who, as Garcia put it, “build each other up” through shared growth and opportunity.

“Starting a business is never easy, but with the right support, it becomes possible, and even exhilarating,” said Oscar Lopez, the senior business consultant for Chase in Oakland.

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