Richmond Affordable Housing at a Crossroads
Forces are coalescing at the state, county and city levels supporting the building of affordable housing. We are at a crossroads in terms of affordable housing; now is the time to build a community based on inclusiveness and diversity.
On the state level, the legislature passed several bills that would support affordable housing, including one last year that would impose a $75 fee on certain real estate transactions documents (such as deeds and notices, up to a cap of $225 per transaction). These fees are projected to generate between $200 to $300 million annually for support affordable housing. In addition, this November, there will be a statewide affordable housing bond on the ballot aimed to generate $4 billion for affordable housing programs, infill infrastructure projects and the veterans’ homeownership. On the county level, CCC Supervisor John Goia has been working on getting a countywide affordable housing bond on the ballot in 2020, similar to the ones that Alameda ($580 million) and Santa Clara ($950 million) counties passed last year.
With more affordable housing revenue on the horizon, it is imperative that Richmond be prepared and well-positioned to get its fair share. For example, revenue raised by any County affordable housing bond are slated to go to cities that demonstrate that they are ready and willing to build the housing. Unfortunately, the City currently does not have much staff expertise and capacity to attract or promote new affordable housing development -- and this is where we need all of you to make your voice heard. We need you to help us urge the City to think big, in tens of thousands of units, not just a few hundred.
Tentatively, the Housing Action Team will be presenting a study session before the City Council on Tuesday, April 24. Please mark your calendars and watch this space for more details!
Finally, the HAT is working on a number of other projects, including an effort to transform abandoned housing into affordable housing; pressuring the West Contra Costa Unified School District to stop dragging their feet on a teacher housing project; and studying ways to encourage homeowners to take advantage of new laws designed to make it easier for people to build Accessory Dwelling Units (in-law units, one of the cheapest ways to provide affordable housing). If you are interested in joining this Action Team, the HAT meets every third Saturday 3:00 PM - 4:30 PM at the Bobby Bowens Progressive Center (2450 MacDonald Way)