RELEASE: Two New Bay Area Housing Reports Demonstrate that Significant Revenue Measure May Be Pathway for Bay Area Region
Two New Bay Area Housing Reports Demonstrate that Significant Revenue Measure May Be Pathway for Bay Area Region
(San Francisco Bay Area) Two new housing reports released today by California Housing Partnership and the Non-Profit Housing Association of Northern California offer a strong case for Bay Area regional entities the Association of Bay Area Governments (ABAG) and Metropolitan Transportation Committee (MTC) to move forward a regional affordable housing measure, as authorized under newly-passed statewide legislation
Assembly Bill 1487.
“The Bay Area’s Housing Emergency Update” from the California Housing Partnership establishes how and when the Bay Area lost significant housing production and preservation funds, and demonstrates the impact that revenue loss has had in making the Bay Area housing market’s inaccessible to many critical community members. The report also offers recommended solutions, including encouraging Bay Area regional entities to pursue regional revenue to make up for the lost state and federal revenue over the past decade.
The second report released today by the Non-Profit Housing Association of Northern California demonstrates what may be the pathway to the solution identified in the CHP report. A polling memo summarizing the findings spanning two regional polls conducted by EMC Research in April and November of 2019 show that support has grown for a regional revenue measure, and that voters overwhelmingly agree that the region should
embrace a comprehensive regional approach to housing solutions.
“The data lays clear that our community members are suffering, and that California is still substantially under-investing in affordable housing production,” said Matt Schwartz, California Housing Partnership CEO and President. “AB 1487’s opportunity afforded the Bay Area the ability to raise more funds regionally through a variety of types of measures and has the potential to make a big difference — but only if Bay Area leaders and voters choose to use it.”
“There is a pathway forward to create a thriving, diverse Bay Area that works for all of our neighbors, no matter their race or income,” said Amie Fishman, NPH Executive Director. “Voters are ready for solutions and our elected leaders are poised for action. We look forward to working with MTC and ABAG to make sure voters have the opportunity in 2020 to say yes to big, bold, meaningful change!”
Assembly Bill 1487 (Chiu) laid the groundwork to meet the Bay Area’s housing challenges by granting the Association of Bay Area Governments (ABAG) and the Metropolitan Transportation Commission (MTC) new authority and tools to raise funds subject to voter approval, deploy resources, and provide technical assistance to local jurisdictions. For more information about AB 1487 and next steps for this work, visit www.bayareahousingforall.com
The Non-Profit Housing Association of Northern California (NPH) is the Bay Area’s voice for affordable housing. NPH envisions a future where everyone has an affordable and stable home. NPH represents more than 750 affordable housing developers, advocates, community leaders and businesses, working to secure resources, promote good policy, educate the public and support affordable homes as the foundation for thriving individuals, families and neighborhoods. For more information about NPH and their new polling memo, visit www.nonprofithousing.org
California Housing Partnership is California’s leading expert in Affordable Housing finance and policy. The State Legislature created the California Housing Partnership in 1988 to help preserve California’s existing supply of affordable homes and to provide leadership on affordable housing policy and resource issues. Since then, the California
Housing Partnership has worked with fellow affordable housing creators and preservers statewide to ensure that low-income Californians have the opportunity to live in a home that fosters a healthy, productive life. In partnership with nonprofit and government housing agencies, the California Housing Partnership provides the expertise, technical assistance, and advocacy leadership necessary to create and preserve homes affordable to those with the fewest housing choices. For more information about California Housing Partnership and their new report, visit www.chpc.net