Opinion: SB 827 would maximize housing near transit in California
California’s thriving economy continues to be the workhorse of American prosperity. In recent years, our innovative companies and highly-skilled workforce have propelled the Golden State to the sixth largest economy in the world.
However, there’s huge trouble on the horizon: We need to construct more homes for all Californians; if we don’t, we jeopardize not only our ability to attract and retain employees and their families, but also our state’s fiscal well-being.
Headlines across the country have been highlighting for months about California’s deepening housing crisis. Despite our economic muscle, we’re also home to the country’s highest poverty rate — due almost entirely to the sky-high cost of housing. And it’s not just low- and middle-income workers suffering from the daily struggle to make the rent. Even our most well-paid engineers are finding they can’t land an apartment anywhere near their place of work.
Contrary to a common misconception, the housing shortage and expanding commute times are not the inevitable consequences of job growth. Plenty of cities in the United States and around the world have managed to maintain strong economies without pricing out the majority of their workers. Not so in California. Between 2009 and 2014, California added an astonishing 77,000 more households than homes. We’re not even adding enough homes to accommodate our own children born in California, let alone job-seekers and others seeking a better life in the Golden State.
To add insult to injury, the housing crisis threatens to derail our world-leading efforts to address traffic pollution. We’re still mostly driving single-occupant gasoline cars and the pace of change in transportation systems is too slow. The California Air Resources Board says that the state must encourage more transit-oriented housing and employment centers, and give workers more alternatives to the private automobile, if we are to achieve our climate commitments.
Thankfully, we …read more
Source:: The Mercury News – Business