Governor Newsom recently signed an extensive package of housing bills, delivering important progress on tackling the state’s housing affordability and production crisis. SVLG was proud to engage on several measures, including co-sponsoring AB 1114 by Assemblymember Haney, which will address excessive permitting and construction timelines in San Francisco; supporting SB 423 by Senator Wiener, which reauthorizes SB 35, one of the state’s most impactful housing streamlining policies; and supporting AB 281 by Assemblymember Grayson, which ensures that housing projects are reviewed by special districts in a timely manner.
While the Golden State’s housing crisis continues, join us to hear from the legislator spearheading real solutions. Assemblymember Buffy Wicks is the Chair of the Assembly Housing Committee and the architect of AB 2011, which is the most significant transit oriented development legislation to become law in decades. AB 2011 will accelerate production of approximately …
California Governor Newsom today signed into law a measure that will speed up California’s lagging housing production by addressing inefficiencies in the permitting process. This common-sense legislation – AB 2234 (Rivas] Planning and zoning: housing: post entitlement phase permits – brings certainty to the building permit acquisition process after local housing developments are approved. In effect, AB 2234 implements a reasonable, transparent process so that good projects don’t have years needlessly added to their timelines.
The California Legislature has approved AB 2234 (Rivas). which is designed to speed up California’s lagging housing production by addressing inefficiencies in the permitting process This common-sense legislation brings certainty to the building permit acquisition process after local housing developments are approved.
SVLG made waves in the infrastructure policy arena with its largest forum yet on April 27, with appearances by top Biden Administration officials on transportation and housing policy and other leading California voices on those important issues.
Viewers of the online event enjoyed an array of fascinating conversations with guest speakers including Adrianne Todman, Deputy Secretary of the Department of Housing and Urban Development; Katie Thomson, Director of Bipartisan Infrastructure Law Implementation at the U.S. Department of Transportation; and Toks Omishakin, Secretary of the California Transportation Agency. The Forum also featured special appearances by Governor Newsom, CA Senate President Pro Tempore Toni Atkins, Bay Area Transportation icon Rod Diridon, Sr., and other important voices.
California’s housing affordability crunch ranks at the top of all serious public policy and business competitiveness agendas. The state’s median home price set a new record in March 2022 at $849,080, which is out of reach for most—only 25% of Californians can afford a median priced home, compared to 50% nationally. Here in Silicon Valley, the median home price in Santa Clara County was a whopping $1.6 million in March 2022, up nearly 20% from the previous year, according to Redfin.
Looking to buy a home in the Bay Area? You’ll need a household income of about $235,000 to afford the median home price of $1.2 million — and that’s if you can find a seller who will take your money. Whether it’s the climate, the innovative atmosphere, or the world-class tech ecosystem, people want to be here, and Bay Area housing prices continue to skyrocket.
With many left out of the market or enduring long commutes to less expensive areas as a result, local leaders are working together to increase the housing supply and make the Bay Area more affordable for all.
The League of California Cities Peninsula Division, city officials, and business leaders from the Silicon Valley Leadership Group came together to discuss the future of housing in the Bay Area at Housing in Your City, an online SVLG event on January 26.
San José, CA (Sept 16, 2021) – “A critical problem for California companies is the lack of affordable housing for workers. It hampers their capacity to expand and scale their organizations. It undercuts their ability to attract and retain quality talent. Today’s actions by Governor Newsom represents the largest move by any recent administration to not just recognize the severity of the enormous problem this represents but to take action on it. We applaud these steps and look forward to working with the administration on ways to better drive innovation, entrepreneurship, and equity for our Golden State economy.”
On Wednesday, September 8th, from 11:00am – 12:00pm PST, the Silicon Valley Leadership Group will virtually host San Jose City Councilmember, David Cohen. We will have a moderated conversation led by our very own, Vince Rocha, Senior Director, Housing & Community Development! Councilmember Cohen represents District 4 which includes North San Jose, Berryessa, and Alviso …
The Silicon Valley Leadership Group is hosting an executive roundtable with Lopa Kolluri, Principal Deputy Assistant Secretary for the Office of Housing – Federal Housing Administration of the U.S. Department of Housing and Urban Development, to talk about the Biden Administration’s work on affordable housing funding, innovations in manufactured housing, and promoting homeownership. We will also be joined …
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