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Thank you for reading the Daily Journal. We hope that you continue to enjoy our free content. Please disable your ad blocker, whitelist our site, or purchase a subscription. San Mateo County is still far short of the affordable housing needed to help those getting priced out of the area, according to a report calling on lawmakers to make financing more easily attainable for building below-market units.
The housing needs report released Monday, May 6, by the California Housing Partnership links the scarcity of available local affordable housing options to a dearth of state and federal funds. To close the gap, the report calls for the resurrection of redevelopment funds and lowering the voter approval threshold for tax measures to increase the authority of local agencies in raising money for affordable housing development.
Matt Schwartz, president and CEO of the California Housing Partnership, said empowering local residents will go far to improving the quality of life throughout the Peninsula. He also suggested bringing back redevelopment agencies, or at least a narrowly-defined version with allocations specifically for affordable housing, would go far to assuring local officials are offered the revenue needed to improve their communities.
To that end, state lawmakers recently raised a couple of proposals designed separately to bring back some form of redevelopment and also lower the voter approval threshold for tax measures. Evelyn Stivers, executive director of Housing Leadership Council of San Mateo County, said the legislation would work in tandem with local contributions to make the region more affordable.