Creating affordable housing outside the public arena in California: innovations in design, regulation and finance
Date
2016
Authors
Editors
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Publisher
AESOP
Abstract
Housing which is affordable and proximate to places of employment is crucial to sustaining California’s economic competitiveness. This is particularly so in highly impacted metropolitan California communities such as the San Francisco Bay Area.i Funding from California State Agencies helps to incentivize construction of new, affordable housing units throughout the state but, given limited funding it largely supports the production of housing for extremely low (<30%) and very low (30-50%) area median income (AMI) households. The California Regional Housing Needs
Assessment (RHNA) identifies the gaps that exist in regions between housing need and housing supply and establishes targets to meet this need. The objective is to encourage local investments to fill the gap between housing need and availability and shape federal and state investments toward that end.
Median income (and income of those needing access to housing) in California ranges widely as does the desired housing type. For 2014, farmworker housing in the Central Valley, service delivery workers in the central coast, and, entry-level multifamily rental housing for highly educated IT workers in Silicon Valley are all represented in this population. But projects serving households with low (51%-80%) and moderate-income levels(81%-120% AMI) is not typically competitive for subsidy from limited state funds.
Description
Proceedings of the IV World Planning Schools Congress, July 3-8th, 2016 : Global crisis, planning and challenges to spatial justice in the north and in the south
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All Rights Reserved