CAP-AND-TRADE 2014 AND BEYOND! SDHF Conference: October 15, 2014 Moderator: Megan Kirkeby, California Housing Partnership Panelists: Susan Riggs, Business Consumer Services and Housing Coleen Clementson, San Diego Association of Governments (SANDAG) Stuart Cohen, Transform

California Housing Partnership | Greenhouse Gas Reduction Fund

California Housing Partnership | 3 Ongoing GGRF Spending

SB 535: BACKGROUND AND NEXT STEPS

California Housing Partnership | 5 Beyond Reducing GHGs: Serving Disadvantaged Communities ALL Cap-and-Trade investments must meet the Sinclair Nexus Test by reducing GHG emissions; but that is not sufficient. SB 535 requires that 25 percent of auction proceeds be invested in ways that benefit disadvantaged communities and at least 10 percent be invested within those communities. SB 862 further requires 50 percent of the AHSC funds must benefit “Disadvantaged Communities. “ What are “Disadvantaged Communities”?

California Housing Partnership | 6 What are Disadvantaged Communities?

California Housing Partnership | 7

City of San Diego

San Diego, Imperial, San Bernardino

NEXT STEPS: THE RESEARCH CONTINUES

California Housing Partnership | 11 Three Place Types

California Housing Partnership | 12 Job Density Findings For each place type, job density is a strong, statistically significant predictor of VMT reduction. Average Rural and Large Metro Households at 80 th percentile of job density drive about 6 miles less per day than the same household at the 20 th percentile. The reduction is 7 miles per day in Small Cities.

QUESTIONS?