Housing

Transportation

New budget agreement gives big boost to transportation, housing

Housing and transportation

California's current fiscal strength is poised to pay big dividends for transportation and housing investments around the Bay Area and across the state. The $300 billion-plus budget agreement announced Wednesday by state legislative leaders for the upcoming 2022-23 fiscal year directs more than $10 billion in projected surplus funds to advance a range of transportation priorities plus an additional $1.6 billion to help meet many of the state's longstanding housing affordability challenges. Gov. Newsom is expected to sign the budget into law by the end of this month. Read More

MTC, ABAG endorse amendment to boost housing
Housing
Mark Prado May 27, 2022
Housing

MTC Commissioners and the ABAG Executive Board have voted to endorse Assembly Constitutional Amendment 14, which would dedicate 5% from the state’s General Fund each year over a 10-year period to address California’s affordable housing and homelessness crisis.

Study: Apartment space shrinking in Bay Area, nation
Housing
Mark Prado May 11, 2022
Vallejo

As the total apartment size has decreased throughout the past 10 years, so has the amount of living space per renter in the Bay Area and across the country, according to a new study from RentCafe.

Report: $400,000 buys little square footage in Bay Area
Housing
Mark Prado May 9, 2022
Housing

With home prices reaching an all-time high of $405,000 in the United States, a new report by Point2 looks at how much square footage $400,000 buys in the nation’s 100 largest cities.

Report: Inexpensive homes hard to find in Bay Area and California
Housing
Mark Prado April 21, 2022

Growing housing prices continues to be a concern, especially for those living in the most populous and desirable U.S. cities. And for good reason as, with the constant rise in million-dollar and luxury homes for sale, the threshold for what is considered affordable homes is getting higher as well, according to a new report from Point2Homes.com.

MTC, ABAG regional housing efforts highlighted by Bay Area Council
Housing
Mark Prado April 18, 2022
Housing construction in Milpitas.

The Bay Area Council has long advocated for a strong regional approach to addressing our housing crisis, including supporting legislation that created the Bay Area Housing Finance Authority (BAHFA). In this guest item highlighted in the council's Weekly Flash newsletter, Metropolitan Transportation Commission Chair Alfredo Pedroza and Association of Bay Area Governments Chair Jesse Arreguin outline the purpose and objectives for BAHFA.

MTC's affordable housing loan program expands funding options
Housing
Mark Prado April 12, 2022
San Francisco housing is among the most expensive in the nation.

The Metropolitan Transportation Commission (MTC) announced Tuesday new underwriting guidelines for its four-year-old Bay Area Preservation Pilot loan fund, which is designed to help nonprofit housing developers and community land trusts finance the acquisition and preservation of existing multifamily properties that are affordable for lower- and moderate-income renters and located in areas with high-frequency transit service.

BART addresses housing crisis by using station lot to show off ADUs
Housing
Mark Prado March 30, 2022
BART housing at Castro Valley Station

Two tiny model homes have landed at the Castro Valley Station parking lot, which is currently underutilized by passengers as BART continues to bring riders back to the system, the agency said.

A look at ABAG's Regional Housing Technical Assistance Program
Housing
Mark Prado January 28, 2022
By Clair A. McDevitt
Senior housing in San Francisco

Looking back over the first year of ABAG's Regional Housing Technical Assistance (RHTA) Program, the program has accomplished much to help jurisdictions prepare to submit their updated 6th Cycle Housing Elements.

Bay Area Housing Finance Authority receives equitable housing policies grant
Housing
Mark Prado January 26, 2022
BAFHA images

The Partnership for the Bay’s Future has announced $5 million in grants focused on advancing equitable housing policies.