The Elephant in the Region: Charting a Path for Bay Area Metro to Lead a Bold Regional Housing Agenda
Summary
This paper recommends the creation of a new regional housing entity to advance solutions to the regional housing affordability crisis in the Bay Area. It outlines specific steps to ensure the bold leadership, resources, and capacity necessary to allow local governments and stakeholders to succeed.
Description
The Elephant in the Region: Charting a Path for Bay Area Metro to Lead a Bold Housing Agenda looks at how the Bay Area could transform its collective ability to deliver affordable housing through the creation, resourcing, and staffing of a new regional housing entity at Bay Area Metro. The integration of the Association of Bay Area Governments (ABAG) and the Metropolitan Transportation Commission (MTC) into Bay Area Metro provides a once-in-a-lifetime opportunity to create a stable foundation for regional housing solutions.
The paper details recommended action steps to create the new entity:
- Action one: Build and resource regional housing capacity with a focus on local implementation
- Action two: Establish, capitalize, and manage regional land coordination
- Action three: Develop and implement new regional finance tools
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