Landmark Bill Heads to Governor’s Desk to Address the Bay Area Housing Crisis
Co-sponsored by Enterprise and the Non-Profit Housing Association of Northern California, the California State Legislature approved Assembly Bill 1487 (Chiu-San Francisco), which will allow the San Francisco Bay Area to address the region’s housing challenges through new funding, programs, and tools. This bill will make the Bay Area one of only a handful of regions in the country with the ability to directly raise desperately needed funds to support the preservation and production of affordable housing as well as tenant protection programs. In 2018, Enterprise authored the report, Elephant in the Region: Charting the Path for Bay Area Metro to Lead a Bold Regional Housing Agenda, which inspired the regional approach put forth by AB 1487.
Governor Newsom now has until October 13th to sign the bill into law. We need your support to bring AB 1487 over the finish line! To show your support, please submit a letter to the Governor and send an electronic copy to Justine Marcus at firstname.lastname@example.org who will deliver your organization’s letter to the Governor’s desk by September 27th. You can also call the Governor’s office at 916-445-2841 to voice your support for AB 1487.
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Our Priorities in Northern California
Enterprise’s Northern California team has led efforts to address the region’s housing affordability for more than a decade. By sharing expertise, bringing together stakeholders and cultivating capital resources, we’ve helped create or preserve homes for nearly 20,000 families and leveraged more than $1 billion in grants and investment toward strengthening the region and its diverse communities.
Enterprise's priorities in Northern California are to:
- Partner with leading experts to create and implement policy solutions and effective financial tools for affordable housing and community development
- Ensure that public housing residents live in thriving neighborhoods with access to high-quality services and amenities
- Preserve, produce and protect affordable homes to improve access to opportunities for low-income people
- Advance the creation and implementation of a resourced and impactful regional housing entity to address the inadequate and inefficient funding and capacities of Bay Area cities to produce, preserve and protect affordable housing and mitigate displacement of low-income families
- Build on our work in Sonoma County after the 2017 fires to create a participatory and inclusive model for disaster recovery and planning
State & Local Policy
Read about our policy work in Northern California.
Our Impact in Northern California
We have led multiple efforts to increase the region's housing affordability by implementing key impact strategies with our partners that include:
- Advancing comprehensive, regional housing solutions through Production, Preservation, Protection and Placement
- Partnering with the City of Oakland and leading the Mayor’s Housing Cabinet to develop and implement their Housing Action Plan and enact policy and financial solutions to protect or to build 34,000 rental homes by 2022
- Working to revitalize public housing in San Francisco and Marin Counties
- Helping to design strategies as a key partner in HOPE SF to deliver effective resident service programs, support housing developers and operators to engage in inclusive and equitable development practices, lead communities of practice and support economic mobility strategies
- Aggregating and deploying capital to accelerate affordable housing development across Northern California including overseeing the Bay Area Preservation Pilot that preserves affordable multifamily properties near transportation hubs, and managing the Housing for Health Fund, an $85 million private equity fund with Kaiser Permanente that will preserve an estimated 1,000 affordable rental units over the next three to five years
- Launching a statewide intensive technical assistance program for cross-sector applicant teams applying for funding from California's Affordable Housing Sustainable Communities (AHSC) program. To date, the AHSC program has awarded $701 million to 77 location-efficient developments across the state that combine affordable housing and transportation and reduce greenhouse gas emissions. In 2019, we supported 75 percent of the submitted applications
- Leading the board of the $87 million San Francisco Housing Accelerator Fund, which is creating a pipeline for the production and preservation of affordable housing in San Francisco