Sweeping regional housing plan under construction

By Laura Waxmann : sfexaminer – excerpt

An ambitious regional housing plan aiming to create 35,000 new housing units throughout the Bay Area is raising concerns among advocates and some Bay Area officials over gentrification and a lack of local controls.

Born out of an 18-month planning effort amongst developers, elected leaders, transit officials, tech representatives and other stakeholders who joined forces as the Committee to House the Bay Area [CASA], the 10-part “Compact” plan was approved by the CASA steering committee on Wednesday.

Officials hope to eventually see the package of proposals —which focus on accelerating regional housing production while creating tenant protections, bolstering infrastructure and raising $1.5 million per year to support these goals — translated into state law. The CASA Compact is expected to move before the Association of Bay Area Governments and the Metropolitan Transportation Commission next for a vote…

The funding would be raised annually from taxpayers, property owners, developers, employers and local governments throughout the Bay Area through a series of proposed taxes and managed by a Regional Housing Enterprise, created under the plan and governed by MTC and ABAG representatives, among others… (more)

Wait till the add the Trump administration’s Opportunity Zoning Program to the deals. Entire neighbors will be re-classified as blight to take advantage of the tax breaks and incentives. Read all about it: Ivanka Trump And Jared Kushner Could Profit From Tax Break They Pushed