Affordable housing finance and development is a big topic in the State Capitol this year, and it is also a big topic for affordable housing advocates around the state. With state and federal funding for affordable housing continuing to be unpredictable and inadequate, robust housing solutions on the local level have proven to be the most productive.
Gov. Jerry Brown and legislative leaders agreed late Monday to a $4-billion bond aimed at the 2018 ballot that would fund low-income housing developments and subsidize home loans for California veterans.
We hear a lot about the housing crisis. We are told that if we just build more, the problem will be solved. There is no doubt we need to build more housing, but just increasing housing supply without accompanying actions to temper rapidly escalating rents does nothing to confront the problem of affordability. Moreover, San Mateo County is projected to add close to 95,000 jobs in the next 25 years. Without countervailing management of the intense job growth fueling the housing demand, supply has little chance of ever catching up.
Get to know your San Mateo County neighbors and fellow immigrant rights activists!