Bay Area will decide California’s biggest housing bond ever
“There’s a pipeline here. It’s ready to go,” said Nevada Merriman, VP of Policy and Advocacy for MidPen Housing. The Bay Area authority says the funds could be used to build and acquire up to 72,000 units. That housing would range from the most deeply affordable — homes reserved for people on the brink of homelessness — to “moderate” income households.
First-Of-Its-Kind Bay Area Affordable Housing Bond Set For November Ballot
If approved, BAHFA would issue $20B in general obligation bonds to finance the development and preservation of between 70,000 and 90,000 affordable units in Alameda, Contra Costa, Marin, Napa, San Mateo, Santa Clara, Solano, Sonoma and San Francisco counties.