Getting Inclusionary Housing Right

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Cities across Santa Clara County are considering this powerful tool to build more new affordable homes without subsidy.

But done wrong it can fall short, or even stop the development of new homes in its tracks. Learn how it works, and how to get it right!

Many of our local cities are joining forces right now in a shared nexus study, the wonky and in-depth analysis that assesses the feasibility of local residential development and the potential for developers of market-rate housing to add a share of affordable homes to their buildings.

If cities require too few affordable homes or affordability that’s too shallow, they leave public benefits on the table. Too much, and developers can’t build any housing at all.

Come hear about local cities that are getting it right: successfully using inclusionary housing policies to achieve mixed-income communities, generate funding to subsidize deeper levels of affordability, and gain valuable land for affordable homes!

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From NPH

In the San Francisco Bay Area, long before the COVID19 global pandemic swept through our region, safe, stable, and affordable housing was far from accessible to all. In the midst of the pandemic, low-income communities of color are far more likely to experience homelessness and housing instability. Moreover, they are also less likely to own homes and acquire wealth, due to the Bay Area’s unique legacy of racial discrimination in public policy. The economic ramifications of the pandemic have only intensified the stark racial disparities already present in California’s housing market. To lead the region on a trajectory of recovery and prosperity, the Metropolitan Transportation Commission (MTC) and the Association of Bay Area Governments (ABAG) should work together collaboratively to develop a comprehensive regional housing strategy.
The Road Ahead: A 21st Century Housing Strategy for the San Francisco Bay Area outlines why and how MTC and ABAG can develop, approve, and implement a comprehensive housing strategy for the Bay Area that will guide both agencies’ existing housing portfolio, the Bay Area Housing Finance Authority (BAHFA), Plan Bay Area 2050, and their various housing programs, policies, and decision-making processes.

Read The Road Ahead: A 21st Century Housing Strategy for the San Francisco Bay Area