Housing Policy Leaders Endorse Strategy To Ease Bay Area's Housing Affordability Crisis

SAN FRANCISCO, Dec. 12, 2018 /PRNewswire/ --The 21-member steering group of CASA — The Committee to House the Bay Area today approved the CASA Compact, a set of policy recommendations to both state and local officials designed to help solve the Bay Area's longstanding housing-affordability problem by encouraging the production of more housing for people at all income levels, preserving affordable housing that already exists and protecting current residents from displacement in rapidly-changing neighborhoods.

To achieve these "three Ps," the CASA Compact details 10 separate elements as well as five calls to action. Specific policy recommendations include:

• Just-cause eviction policy;
• Emergency rent cap;
• Emergency rent assistance and access to legal counsel;
• Removal of regulatory barriers to additional dwelling units;
• Minimum zoning near transit;
• Reforms to housing-approval processes;
• Expedited approvals and financial incentives for select housing types;
• Unlock public land for affordable housing;
• Raise $1.5 billion from a range of sources to fund implementation of the CASA Compact; and
• Establish a regional housing enterprise to implement the CASA Compact.

"The Compact reflects a shared understanding that our housing problems have been a long time in the making and have many different causes," explained CASA co-chair and San Francisco Foundation CEO Fred Blackwell. "We believe all sectors and all interests should share the responsibilities, and reap the benefits, of solving the crisis."

Comprised of major employers, for-profit and nonprofit housing developers, labor and environmental leaders, public policy and affordable housing advocates, transportation experts, charitable foundations and elected officials, CASA was convened in mid-2017 by the Metropolitan Transportation Commission (MTC) and the Association of Bay Area Governments to tackle the region's housing crisis head on.

Echoing the view that solutions require action across multiple fronts, CASA co-chair Leslye Corsiglia, Executive Director of San Jose-based Silicon Valley at Home, observed, "Affordable housing for lower-income residents is only part of the puzzle. We need to find ways to include more housing at all income levels in every neighborhood, in every city, in every county."

"We're encouraged that Governor-elect Newsom and so many other state and local policymakers are making housing a priority," commented Michael Covarrubias, the third CASA co-chair and Chairman and CEO of San Francisco-based developer TMG Partners. "Our region has long had an imbalance between housing supply and housing demand. What's changed in recent years is that the situation has gone from serious to critical. To get the market swinging back toward equilibrium, we need policies that create more fair and more uniform requirements for developers to produce more housing more quickly in every corner of the Bay Area."

MTC is the transportation planning, financing and coordinating agency for the nine-county San Francisco Bay Area. ABAG is the official regional planning agency for the nine counties and 101 cities and towns of the Bay Area.

SOURCE Metropolitan Transportation Commission; Association of Bay Area Governments

Related Links

http://www.mtc.ca.gov