Our specific objectives include:
- Identify and promote new permanent sources of funding for affordable housing, in part to reduce the cost burden on specific projects;
- Reduce overall household (Housing + Transportation) costs by ensuring a larger percentage of affordable housing is located in close proximity to transit;
- Assist with aligning objectives of affordable housing advocacy organizations with those of regional/state agencies, including AB32, SB375 and Priority Development Areas; and
- Foster best practices at the local level for developing affordable/workforce housing, including student housing.
Bay Area Burden
ULI San Francisco collaborated with the ULI Terwilliger Center for Workforce Housing to release the Bay Area Burden Report in 2009. The report examines the hidden costs of housing and transportation on Bay Area residents, their neighborhoods, and the environment.
Building on the findings outlined in Bay Area Burden, Priced Out: Persistence of the Workforce Housing Gap in the San Francisco Bay Area examines the availability of for-sale and rental housing to workforce households across the nine-county Bay Area. Approximately 30 percent of the metro area’s 2.7 million households fall in this income range but only 15 percent of the existing for-sale housing stock in the Bay Area is affordable to workforce households earning the median family income.
Affordable Housing Policy Forums
In February 2009, two policy forums were held by BRIDGE Housing; the Urban Land Institute Center for Balanced Development in the West; the USC Lusk Center for Real Estate; the Fisher Center for Real Estate and Urban Economics, UC Berkeley; ULI Los Angeles; and ULI San Francisco. The papers, presentations, and other forum resources are online at http://www.bridgehousing.com/news-media/publications.