1 Image Source City of San Ramon Only the most aggressive policies can help address the regions housing affordability and equity challenges Even w PBA 2040 between 2005 and 2040 Housing costs ID: 735742
Download Presentation The PPT/PDF document "The Committee to House the Bay Area" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
The Committee to House the Bay Area
1Slide2
Image Source:
City of San Ramon
Only the most aggressive policies can help address the region’s
housing affordability and equity challenges
Even w/ PBA 2040, between 2005 and 2040
Housing costs
will rise by
12-13 percent points whileTransportation costs will rise 1 percent point.
H + T Costs For Lower-Income Households2005
54Percent of household income
67
Percent of household income
H + T Costs
For Lower-Income
Households
2040Slide3
Source: PBA 2040 Growth Forecast and Projections
56,000 Permitted
by 2015
1.3 million Jobs
Plan Bay Area 2040 projection
820,000 Homes
Plan Bay Area 2040 projection
Job Growth Outpaced Housing Permits Regionwide From 2010-2015
Region added over 600,000 jobs from 2010-2015, but permitted less than 60,000 homes.
Commercial development is keeping pace with demand but not housing.
Homelessness has grown across
the region; rents and home prices are beyond the reach of most families. Slide4
4
:
1
5
:
1
20
:117:113
:18 :1
5:112
:
117:
1
# Jobs Added
:
# Housing Permitted
$000,000 – Zillow Home Value Index (Mar ‘18)
$0,000 – Zillow Rent Index (Mar ‘18)
Source: Jobs – California County Economic Forecast, 2017-2050, Transportation Economics Branch, California Department of Transportation; Housing – E-5 Population and Housing Estimates for Cities, Counties, and the State, California Department of Finance
San Mateo Added
1
Housing Unit for Every
17
Jobs Between 2010 to 2016
$874,600
$3,160
$620,500
$2,750
$648,000
$2,890
$428,300
$2,140
$1,284,500
$3,570
$1,363,800
$4,000
$1,334,800
$4,190
$664,600
$2,860
$1,122,800
$4,430Slide5
5
Affordable Housing Permits Are Lower Than Identified Need
Permitted
Missing MiddleSlide6
6
Lower-Income Households
Are Most ImpactedSlide7
Blue-Ribbon Committee
Convened by MTC to Find “Game-Changing” Solutions
Steering
Committee
17 members
Technical
Committee
32 members
Production
Protection
Preservation
Work Groups
7
MTC/
ABAG Staff
MTC/ABAG
Boards
Three
Co-ChairsSlide8
It Will Take More than One Strategy to Fix the Crisis
State
Support
Policy
Toolkit
Funding
/Resources
Regulatory
Relief
Awareness
/Engagement
8
Production
Preservation
ProtectionSlide9
9
CASA Targets and
Key Components of the Compact
New Revenue
Financing Tools
Equitable
Growth
Framework
Tools and Technical AssistanceSlide10
10
Survey
Input from elected officials and staff
Local jurisdiction perspective on:
Barriers and challenges related to housing (i.e., funding, market strength)
Effectiveness of existing programs (i.e., OBAG)
Resources needed to accelerate compliance with state housing laws
Open Houses
Listening sessions hosted by mayors in the cities of San Jose, San Francisco, Oakland and Santa RosaAdvisory Group
Purpose – input from elected officialsMembership – elected officials on CASA Steering Committee and chairs of RPC and RPC-Housing Sub-Committee
Meetings
ABAG Executive Board
Bi-annual BAPDA meetings
Meetings with planning and housing directors in each county
CMA presentations
(May/June)
(Monthly)
(Early 2019)
(Ongoing)
Local Jurisdiction EngagementSlide11
Key Milestones
Summer/Fall 2018
Identify and Prioritize Strategies
Fall 2018
Negotiate Compact
Winter 2018
Telephone Poll and Outreach
Early 2019Legislative Package to the StateFor more information:Vikrant Sood, Principal Planner, vsood@bayareametro.govwww.mtc.ca.gov/casa