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How to Solve the Housing Shortage
Leora Tanjuatco
Organizing Director
Housing Leadership Council
Three things:
• Rent stabilization and tenant protections
• Build more affordable housing
• Build more market-rate housing
A short history of affordable housing
Pruitt-Igoe
Green spaces invited their children to play and clean contemporary décor made residents feel, according to a woman quoted in the documentary, like they were in ‘a big hotel resort.’- Source: The Pruitt Igoe Myth
What happened?
Modern affordable housing: stand-alone
Modern Affordable Housing: mixed-income
• No services• Lower levels of
affordability• Less affordable units• Less funding sources• Market-rate
developers don’t typically have experience managing below-market-rate units
Why is it important to build market-rate housing?
San Jose Mercury NewsJuly 7, 2017
Menlo Park-based Facebook intends to develop 1.75 million square feet of offices, 1,500 units of housing, 125,000 square feet of retail space including a pharmacy, as well as a cultural and visitor center.
SF Business Times
October 10, 2017
Genentech also has two buildings under construction — an eight-story, 160,000-square-foot office and amenity building at 500 East Grand Ave. and five buildings on a childcare campus at 342 Allerton Ave. Both projects are scheduled to be completed in 2019.
Where will these employees live?
Renters have two main options:
Why is more Market-rate Housing good for Tenants?
• Together – more housing + rent stabilization
• More tenants = more political power
• Facebook employees in RWC
Discussion