While the San Francisco Bay Area is booming with jobs and (for many) high wages, people are increasingly priced out of the housing market. The region risks losing people to fill jobs that are essential to California’s economy. A variety of taxes, grants, fees and other public revenue sources can help fund affordable housing. Moreover, an innovative solution is to involve public transportation agencies. To that end, agency-owned land in and around transportation hubs could be incentivized to create transit-oriented development projects, which place high-density housing above or adjacent to transit centers. This provides easy mobility while offering less-costly living space.
These and other innovations will be discussed at the 10th Annual Norman Y. Mineta National Transportation Policy Summit, a free, half-day event hosted by the Mineta Transportation Institute at the Commonwealth Club in San Francisco.