The State of California Addresses the Housing Crisis: New Housing Incentives and Accountability for Local Government
Monday, September 25, 2017
1:15 p.m. - 2:45 p.m. PDT
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The shortage of housing has reached crisis levels in California, causing hardships to millions of families, contributing to longer commutes and related impacts on GHG emissions, and causing billions of dollars of lost economic activity and related employment and economic growth. The State Legislature, being fully aware of the shortage and its effects has currently drafted eight bills for the 2017-2018 Legislative Session. These bills include a new permanent source of funding for affordable housing, housing bond measures, reallocation of existing State funding for housing, and regulatory reforms and increased accountability measures for local government, all intended to incentivize housing production and assure that all jurisdictions make an effort to increase housing production. This panel will provide a current update regarding the pending State Legislation and, based upon the panelists' broader examination of potential fiscal and financial incentives and regulations as part of the California Forward 2016 Economic Summit and will identify how the legislative financial incentives and regulatory reforms are likely to reduce the housing shortage as well as any critical shortcomings and omissions. Insights will also be provided regarding how local governments can take best advantage of the new financial incentives and regulatory reforms to increase housing production.
Hanson Hom, firstname.lastname@example.org