Faced with overwhelming needs amidst the region’s epic housing shortage, Alameda County leaders may boost the size of its proposed $500 million affordable housing bond measure intended for the November 2016 ballot. The current plan calls for allocating $75 million toward homeownership program with the balance doing into rental housing. At a recent bond workshop, BIA|Bay Area East Bay Governmental Affairs Lisa Vorderbrueggen praised the homeownership component within the bond, specifically the down payment assistance funds for individuals earning up to 150 percent of the area median income. She also urged the county to financially reward communities with bond funds that adopt pro-housing policies such as Gov. Jerry Brown’s call for streamlined approvals for affordable housing projects. The Board of Supervisors is scheduled to consider the final bond measure language on June 28, 2016.
Click here to view the slideshow presented at the workshop on June 6, 2016.
Click here to view the bond fact sheet provided by Alameda County. For questions or comments, contact Vorderbrueggen at 925-348-1956 or lvorderbrueggen@biabayarea.org.
