Twenty-seven governmental agencies from across the state were selected to participate in Enterprise’s newest training series, Preservation: California Public Sector Cohort.
Kicking off in March, the yearlong series of learning sessions will support cities, counties, housing authorities, councils of governments, and transportation and regional authorities that are ready to advance preservation efforts, including:
- Developing and Implementing acquisition and rehabilitation preservation programs
- Securing dedicated funding sources
- Advocating for policies to stabilize unsubsidized affordable rental properties
The cohort is led by Enterprise’s Northern and Southern California teams with philanthropic support from Wells Fargo, Bank of Montreal (BMO), and the Chan Zuckerberg Initiative (CZI).
Preserve Affordable Homes, Protect Our Future
The majority of homes that are affordable to families earning less than 80% AMI are currently located in unsubsidized small to medium multifamily properties. As housing costs increase and institutional investors acquire a larger proportion of these properties, affordability is disappearing at an alarming rate, disproportionately impacting vulnerable communities.
According to California Housing Partnership’s 2024 Affordable Homes at Risk Report, 163,000 multifamily homes lost their affordability from 2020 to 2024, while just 824,000 similar units remain affordable, underscoring the need for concerted action across the public, private, and nonprofit partners to prevent additional loss.
The selected cohort members are poised to make a significant impact and launch or expand their preservation programming.
Meet the Cohort
The 27 jurisdictions reflect California’s rich diversity, addressing a wide range of preservation needs across rural, urban, and suburban communities. Jurisdictions participating in the cohort include:
- City of Anaheim
- City of Bakersfield
- City of Fresno
- City of Laguna Beach
- City of Los Angeles
- City of Mountain View
- City of Oakland
- City of Santa Monica
- City of Santa Rosa
- City and County of San Francisco
- City of San Rafael
- City of South Lake Tahoe
- Alameda County
- County of Marin
- Los Angeles County
- County of Riverside
- County of San Bernardino
- County of San Mateo
- County of Santa Clara
- Housing Authority of the City of Fresno
- Housing Authority of the City of San Buenaventura
- Santa Clara County Housing Authority
- San Diego Housing Commission
- Bay Area Housing Finance Authority
- San Gabriel Valley Regional Housing Trust
- San Joaquin Council of Governments
- Santa Clara Valley Transportation Authority
The cohort will have six sessions addressing key topics such as financing, developer selection, portfolio sustainability, pro-preservation policies, program implementation, and community ownership models. We’re excited that these selected jurisdictions will have the chance to collaborate, strategize, and exchange insights to tackle housing preservation challenges throughout California. Their collective efforts will have a meaningful impact on the residents and communities that rely on this crucial housing stock.