News: Affordable housingFilter
The city of Long Beach released a report this week on a potential affordable-housing mandate for new developments. The mandate could come through an inclusionary-housing ordinance. Such ordinances require a portion of units in new developments be priced at below-market levels.
The California Apartment Association’s Tri-County division has announced it will donate $30,000 to help Silicon Valley families avoid homelessness and to provide quality affordable housing. Attendees of CAA Tri-County’s Charity Golf Tournament pose for a photo by Daniel Gaines Photography. CAA Tri-County raised the money through its 30th annual Charity Golf Tournament on June 13 in San Jose. The funds will go to the Housing Industry Foundation, which provides one-time grants to help families at risk of homelessness, renovates affordable-housing units and helps families find affordable housing units in either Santa Clara or San Mateo counties while providing them with… Read More
Gov. Newsom this week signed legislation that will provide dollars for housing while also imposing penalties against cities that refuse to build their fair share. The legislation, Assembly Bill 101, is a trailer bill, meaning it followed the main budget bill already signed by the governor this summer. Among other things, the bill specifically allows for fines of up to $100,000 per month if a city fails to comply with the state’s housing element law. That law mandates that cities plan for and deliver housing at all levels of affordability for their residents. About 40 California cities are out-of-compliance with… Read More
Tagged: Affordable housing
Long Beach may soon require that new developments in the city include a certain amount of affordable housing. That mandate could come from an inclusionary-housing ordinance. The city commissioned an economic feasibility study on the policy and recently finished community workshops on how inclusionary housing might be applied in Long Beach.
The Sacramento City Council on Tuesday voted to push forward with a temporary mediation program to address high rents while housing supply catches up with demand. The program now moves to a second hearing set for April 23. The mediation program is included in the Tenant Protection and Relief Act introduced last year by Councilman Steve Hansen, Vice Mayor Eric Guerra and Councilman Rick Jennings.
Employing a new law supported by CAA, the Newsom Administration has sued a Southern California city for allegedly stifling the production of low-income housing. On Jan. 25, Gov. Gavin Newsom announced his approval of legal action against Huntington Beach, claiming that the city in Orange County has squelched the construction of affordable housing while also refusing to meet regional housing needs. “The state doesn’t take this action lightly,” Gov. Gavin Newsom said in this news release. “The huge housing costs and sky-high rents are eroding quality of life for families across this state. California’s housing crisis is an existential threat… Read More
California’s new governor is taking a multi-pronged approach to the state’s housing crisis that would remove barriers to construction, add financial incentives for cities and counties to build, and bring heftier penalties to those that don’t build their fair share. In total, Gov. Gavin Newsom’s proposed budget includes $7.7 billion across multiple departments and programs to address housing and homelessness issues across the state.
Long Beach is crafting a proposal that would require all new residential developments to include a certain percentage of affordable housing. The city will seek public comment on the inclusionary housing proposal during meetings scheduled for Dec. 5 and Dec. 8. These meetings result from council direction earlier this year to boost the inventory of units dedicated to low-income individuals and families. CAA encourages members interested in this subject to attend the upcoming meetings and provide feedback. To view a flier on the community meetings, click here.
California voters in Tuesday’s election approved Propositions 1 and 2, CAA-supported bond measures that together are expected to raise $6 billion, add much-needed affordable housing and help address the state’s homelessness crisis. With 100 percent of precincts reporting, Proposition 1 had garnered 54.1 percent of the vote, while Proposition 2 had secured 61.1 percent. Proposition 1 will authorize $4 billion in general obligation bonds for housing-related programs, loans, grants and projects, as well as housing loans for veterans.
To jumpstart affordable housing construction, the Sacramento City Council this week voted to waive development impact fees on new projects, a move supported by the California Apartment Association and other business organizations. The fee waivers will reduce, for example, the cost of a 200-unit multifamily housing development by as much as $2.6 million, an amount that helps cover the funding lost when redevelopment agencies, a primary source of financing for affordable housing, were eliminated during the recession. “Increasing the supply of affordable housing is the single best approach to solving our housing crisis,” said CAA senior vice president Jim Lofgren.… Read More