Accelerating Workforce Housing Development across California
DescriptionWorkforce housing accommodates residents who seek to live within a reasonable proximity of employment opportunities, yet struggle to keep up with rising home prices and surging rents and earn too much to qualify for government-subsidized housing. The Lab, held in partnership with JPMorgan Chase Global Philanthropy, will examine ways to engage and accelerate new forms of capital to help alleviate the housing shortage faced across California.
The Lab will bring together a group of investors, government decision-makers, CDFIs, non-profits, property developers and industry experts to address the current challenges through more innovative financing and policy design. Participants will explore various solutions including more effective inclusionary zoning programs, financing models for smaller developers to access capital and the newly designed Opportunity Zone legislation. Attendees will examine programs underway in other regions to see how cities across America are addressing their own housing shortages. The session will provide an opportunity to map out a strategic plan with concrete action items to scale availability.