The Committee to House the Bay Area Vikrant Sood MTC/ABAG

Percent of household income H + T Costs For Lower-Income Households Only the most aggressive policies can help address the region’s housing affordability and equity challenges Even w/ PBA 2040, between 2005 and 2040 Housing costs will rise +12 percent while Transportation costs will rise +1 percent 67 Percent of household income H + T Costs For Lower-Income Households 2040 54 Percent of household income H + T Costs For Lower-Income Households 2005 Image Source: City of San Ramon

Jobs and Housing Growth in the Bay Area, 2010-2015 Source: PBA 2040 Growth Forecast and Projections Region added 600,000 jobs from 2010-2016, but permitted less than 60,000 homes. Commercial development is keeping pace with demand but not housing. Homelessness has grown across the region; rents and home prices are beyond the reach of most families. 1.3 million Jobs Plan Bay Area 2040 projection 820,000 Homes Plan Bay Area 2040 projection 56,000 Permitted by 2015

San Mateo County Added 1 New Housing Unit for Every 17 New Jobs Between 2010 to 2016 Source: Jobs – California County Economic Forecast, 2017-2050, Transportation Economics Branch, California Department of Transportation; Housing – E-5 Population and Housing Estimates for Cities, Counties, and the State, California Department of Finance 8 :1 # Jobs Added : # Housing Permitted $000,000 – Zillow Home Value Index (Mar ‘18) $0,000 – Zillow Rent Index (Mar ‘18) $1,334,800 $4,190 $1,363,800 $4,000 $1,284,500 $3,570 13:1 $1,122,800 $4,430 $874,600 $3,160 $664,600 $2,860 17:1 $648,000 $2,890 $620,500 $2,750 4:1 $428,300 $2,140 5:1 12:1 5:1 20:1 17:1

The Region Has Not Built Affordable Housing to Meet Growing Demand Permitted Missing Middle

Growing Share of Lower-Income HHs Face Displacement Risk

It Will Take More than One Strategy to Fix the Crisis Regulatory Relief Policy Toolkit Funding /Resources Enabling Legislation Outreach /Engagement Production Preservation Protection

A Blue-Ribbon Committee Convened by MTC to Find “Game-Changing” Solutions CASA Three Co-Chairs Steering Committee 17 members Technical Committee 32 members Production Protection Preservation Work Groups

CASA Framework and Key Components of a Compact

What are the challenges in your jurisdiction? Key Questions What are the challenges in your jurisdiction? What are the types of housing most needed? How can CASA and the region help? For more information on CASA, contact: Vikrant Sood, Principal Planner, vsood@bayareametro,gov Or go to the website: www.mtc.ca.gov/casa To complete the online anonymous survey by June 22, 2018, 4pm, go to: https://www.surveymonkey.com/r/CASA_Input