Sacramento Housing Forum: The Future of the State’s Housing Dilemma and its Economy
DescriptionThe robustness of California’s long-neglected housing supply remains a vital component of any strategy to invest in human capital, promote economic development and provide social mobility. Yet cities throughout the state continue to struggle to develop adequate levels of housing. The housing crisis is not only one of supply, but the lack of adequate policy supporting the various types of development demanded by the marketplace.
Over the past 30 years, the precipitous rise in housing prices coupled, with development constraints and stagnant income growth, have cultivated a housing ecosystem that struggles to meet demand. According to the latest update from the PPIC, 31 percent of California’s homeowners and 46 percent of renters dedicate more than 35 percent of total household incomes to housing costs. Prices far exceed the means of buyers and renters in median income brackets, especially in urban and coastal communities, forcing workers to live far from job centers. Out-of-reach housing prices are an economic reality for many state’s residents. The long-term effects of this threaten to upend the California economy through productivity lost to lengthy commute times and a growing exodus of companies and residents leaving the state. It’s clearer than ever that California needs housing policies that cultivate long-term economic growth and offset decades of economically inefficient development patterns
The Milken Institute, California Center in partnership with Capital Public Radio, The California Business Roundtable, and the Local Government Commission will bring together this forum, featuring:
President & CEO / National Low Income Housing Coalition, Washington, D.C.
President and CEO / National Housing Conference, Washington, D.C.
As well as other leading state policymakers, business and thought leaders, including:
- Hon. Toni Atkins, Senator, District 39
- Hon. Anna Caballero, Assembly member, District 30
- Carol Galante, I. Donald Terner Distinguished Professor of Affordable Housing and Urban Policy, U.C. Berkeley, Terner Center
- Jennifer Hernandez, Partner, Holland & Knight
- Chris Hoene, Executive Director, California Budget and Policy Center
- Hon. Chad Mayes, Assembly member, District 42, Minority Floor Leader
- Kate Meis, Executive Director, Local Government Commission
- Rob Lapsley, CEO, California Business Roundtable
- Karen Parolek, Principal Opticos Design, Inc.
- Shannon Peloquin, Associate Partner, McKinsey & Company
- Hon. Darrell Steinberg, Mayor, City of Sacramento
- Hon. Michael Tubbs, Mayor, City of Stockton
- Hon. Scott Wiener, Senator, District 11
For additional information, contact Matt Horton, Associate Director, California Center at (310) 570-4617 or firstname.lastname@example.org