Will Innovative Financing Solve Californias Housing Shortage?
A robust housing supply remains a vital component of any government strategy that aims to successfully invest in human capital, promote economic development and provide social mobility. Despite state action in 2016 to induce new development through a mix of policy regulation and accountability measures, California cities continue to struggle to develop adequate levels of housing for large segments of the population. Lack of adequate financial incentives that support various types of development demanded throughout the state also contribute to the crisis. What can state leaders do to incentivize more housing development at the local level and how do we widen the capital pool for affordable housing projects?