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$5 million, total debt forgiveness for each black San Francisco resident, reparations panel proposes

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San Francisco Board of Supervisors President Aaron Peskin (Photo by: HUM Images/Universal Images Group via Getty Images)

According to a Monday draft report, the San Francisco reparations committee proposed providing each eligible black resident with a one-time, lump sum payment of $5 million and total debt forgiveness “for the decades of harms that they have experienced,” the New York Post reported.

The committee, a 15-member panel created in May 2021, will pitch its recommendations to the city in June.

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