Mercury News: “Bay Area might get its first-ever regional body for affordable housing”
“The Bay Area, widely considered the epicenter of the state’s housing crisis, could soon see the formation of a new, regional authority tasked with shoring up the supply of affordable housing — largely, by raising more taxes to pay for it.
A state proposal to create such a body, Assembly Bill 1487 by San Francisco Democrat David Chiu, passed out of the California Assembly Thursday, 42-18…
One affordable housing advocate cheered the development, calling it “great news for families who need solutions now.”
“We are facing a housing crisis of existential proportions,” said Amie Fishman, executive director of the Non-Profit Housing Association of Northern California. “We’re on this collision course of growth but no housing.”
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