Working Group Co-Chairs
The Housing the Workforce Initiative promotes affordable housing production and preservation, as well as neighborhood stabilization throughout the Bay Area. If successful, it will help ensure that housing built near transit is affordable to households with a range of incomes and does not displace low income residents, as new investments raise property values.
To achieve these goals, the Housing Working Group (HWG) will offer sub-grants to eligible applicants to support local and regional policies, tools and best practices. The HWG will collaborate with local and regional stakeholders, underserved communities and program partners, as well as the Economic Prosperity Working Group and the Equity Collaborative in awarding these sub-grants.
The key objectives of the grant program are to:
- Meet the housing needs of low- and very low-income households in the region while also reducing their transportation costs and improving access to jobs and economic opportunities;
- Support the production of new affordable housing units near transit, preserve existing affordable housing units, and/or minimize the impacts of gentrification on low- and very low-income households;
- Explore new approaches to remove barriers to affordable housing development and preservation, as well as neighborhood stabilization;
- Engage under-represented communities, as well as non-profit partners, community leaders, local jurisdictions, regional agencies and philanthropic entities in the planning, implementation and decision-making process;
- Catalyze policy and systems changes at the local, sub-regional and regional levels to promote access to affordable housing; and
- Build institutional and organizational capacity among partners and stakeholders at the local, sub-regional and regional levels to sustain the work beyond the term of this grant program.
The following activities are eligible for funding through the housing sub-grants:
- Funding Gap and Strategies Analysis – Create a regional plan to close the funding gap for affordable housing development and preservation with a funding toolkit of both regional and local mechanisms. Working with local jurisdictions, non-profit organizations, market-rate and non-profit developers and other experts:
- Quantify the funding need for creating and preserving affordable housing as envisioned under FOCUS and Plan Bay Area
- Review existing funding sources to determine the gaps
- Identify and begin to establish new funding sources for land acquisition, pre-development financing and construction financing
- Implement new funding and incentive strategies in two to four pilot communities.
- Regional Early Warning System – Develop and maintain a system to identify and track local communities that are likely to experience gentrification, putting low-income residents at risk of displacement. The warning system will build on successful models that have been used to predict gentrification patterns based on trends in housing costs, neighborhood income levels and conditions that correlate with these trends. The system will initially target Communities of Concern (See http://geocommons.com/maps/110983) and will expand subject to additional resources becoming available.
- Real-Time Development Tracking Dashboard – Develop a tool to identify and track communities likely to experience gentrification, putting low-income residents at risk of displacement. This tracking tool, which should be replicable at the local jurisdiction level, will allow monitoring of projects by affordability and neighborhood to reveal shifts in development patterns.
- Acquisition and Rehabilitation Demonstration Projects – Work with jurisdictions to align and focus policies and incentives to stabilize existing housing units in two to four pilot project communities and/or areas of concern.
- Deed Restricted Affordable Housing Policy – Work with the jurisdictions to align and focus policies and incentives in communities with deed restricted housing that are at risk of converting to market rate housing in two to four pilot communities and/or areas of concern in order to maintain affordability.
- Implementation Tools – Develop tools that address barriers to affordable housing development in Transit-Oriented Development (TOD) areas. Examples of implementation tools include:
- GreenTRIPS Tool – Work with two to four pilot communities to create and demonstrate a credible, flexible tool to estimate parking demand and trip generation in TOD areas and/or areas of concern. The tool should address the information gap that currently exists between community members, city staff and developers regarding parking demand and trip generation.
- Housing Elements – Update housing elements in two to four cities to ensure consistency with FOCUS and Plan Bay Area and to support affordable housing development and preservation.
- Pre-Development Seed Funding – Work with two to four communities and/or areas of concern to provide pre-development funding to support promising projects that can stabilize neighborhoods.