In every corner of Alameda County, families, seniors and people with disabilities are increasingly priced out of neighborhoods where they have contributed to the diverse, vibrant community we all enjoy.
Rents are rising much faster than incomes, and many more households are now paying more than half of their income for housing. These rising costs force people to move away from family and support systems, commute long distances to work, or live in substandard conditions. Housing insecurity – including the increased risk of homelessness – impacts our health and diminishes our collective quality of life. And our local economy suffers when there’s so little money left to spend after paying the rent.
Dedicated local funding is key to competing successfully for state and federal matching funds. A $500 million Alameda County housing bond is a bold solution to preserve and produce affordable rental homes, stabilize families and neighborhoods, and increase homeownership opportunities.
East Bay Housing Organizations (EBHO) and NPH have prepared a two-page overview of the proposed housing bond. Read Our Two-Page Proposal Overview and our Full Proposal, featuring additional data, case studies and details. The proposed bond is a critical tool to open housing opportunities for those with few options in today’s market: extremely low and very low income renters, residents facing the threat of displacement and loss of their homes, low to moderate income homebuyers, and people who face significant challenges to getting into housing