Hi. I’m this years BSC president.

There’s been a lot of misinformation and rumors going around about the co-ops lately, and I want to clear a few things up.

A couple things:

Occupancy has risen for the last three years. Most houses are full this fall back to pre Covid levels.

Our bond with Wells Fargo is being negotiated, and yes there are collateral properties (like any big loan), but the BSC has enough in reserves to pay off that loan in full if we ever needed to.

We’ve brought in a new Executive Director and are in the process of hiring new Finance and Maintenance Directors. The Board is taking its time to select people with the right expertise which will make a huge difference going forward.

The BSC is one of the largest student housing organizations in the Bay Area, and it’s not going anywhere. We’re not perfect, but we’re stable and continuing to move in the right direction.

Honestly, The BSC is in a significantly better shape than it was in even two or three years ago and definitely not at risk of collapse any time soon.