Author: rrivero

For decades, planners have been called evil or obsolete. A housing crisis might offer a chance at redemption. In 2018, Scott Wiener, a California state senator representing San Francisco, introduced a co-authored bill that detonated a debate over housing. The aim of Senate Bill 827 was to override local regulations on building height in order to allow denser, high-rise construction near transit hubs. At once radical and simple, its target was nothing more, and nothing less, than zoning—the most common American way to control land use. Zoning determines whether a building is commercial or residential, how big it can get, whether it’s a single-family home or a high-rise tower. Though zoning is a legislative act, it is sometimes influenced by the efforts of a handful of well-connected people at a neighborhood association, or sometimes by a single, well-connected member of a zoning board. S.B. 827 would have overridden many such rules and made it easier to build. 

California, the land of golden dreams, has become America’s worst housing nightmare.

Recent wildfires have only heightened the stakes for a state that can’t seem to build enough new homes.

The median price for a house now tops $600,000, more than twice the national level. The state has four of the country’s five most expensive residential markets—Silicon Valley, San Francisco, Orange County and San Diego. (Los Angeles is seventh.) The poverty rate, when adjusted for the cost of living, is the worst in the nation. California accounts for 12% of the U.S. population, but a quarter of its homeless population.

Apple  announced this morning a significant $2.5 billion commitment toward easing the California housing availability and affordability crisis. The investment includes a $1 billion commitment to an affordable housing investment fund, $1 billion toward a first-time homebuyer mortgage assistance fund and $300 million in Apple-owned land, which will be made available for affordable housing.

Another $200 million will go to support new, lower-income housing in the Bay Area, including by way of a $150 million Bay Area housing fund, with partners like Housing Trust Silicon Valley. This will consist of long-term forgivable loans and grants. Another $50 million will be directed toward vulnerable populations, specifically to address homelessness in the Silicon Valley area.

Apple says it also will look into similar efforts across both Northern and Southern California that are designed to prevent homelessness.

The social-media giant estimates its initiative will produce up to 20,000 new housing units over the next decade. Facebook Inc. said it is providing $1 billion to help ease a shortage of affordable housing in Silicon Valley, the third tech giant this year to commit to addressing the issue as the industry seeks to soften the impact of its rapid growth.

The social network company estimates its initiative will produce up to 20,000 new housing units over the next decade, much of it aimed at teachers, police and other middle-class workers near its headquarters in Menlo Park, Calif.