Marin Independent Journal: Bay Area affordable housing bond measure is right for county plans

image featuring Mercy Housing's Doug Shoemaker, Housing Accelerator Fund's Rebecca Foster and Related California's Bill Witte
The Real Deal: Developers write checks for SF’s affordable housing bond campaign
March 1, 2024
Housing in a hilly Bay Area city
Mercury News: Affordable housing falls victim to California’s insurance crisis
April 10, 2024
Housing building with "do not enter" sign in front

Marin residents want more affordable housing. The county’s 2023 community survey confirmed that housing is our top issue. While longtime community resistance to housing in Marin is well-known, it is slowly changing. The funding challenges are less well known, but just as formidable.

The Bay Area Housing Finance Authority can help.

If you’re not familiar, you’re not alone. BAHFA is a young agency (established in 2019). It supports affordable housing in the Bay Area. The authority is planning a $10 billion to $20 billion regional bond measure for the November 2024 ballot. Should it pass, 80% of the funds generated in Marin – between $350 million and $700 million – would be returned to Marin for distribution according to a Marin County-developed expenditure plan. This funding is significant. (By contrast, Marin commits about $5 million annually for affordable housing.) The remaining 20% would go to the BAHFA agency for regionwide initiatives, including projects in Marin.

Read more via the Marin Independent Journal