affordable housing

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An interview with Bob Annibale of Citi Community Development and Rebecca Foster of the San Francisco Housing Accelerator Fund, which aims to to preserve or develop 1,500 affordable housing units in its first five years. 

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In many ways, the recognition of the current “crisis” stems from middle- and upper-income Californians finally being impacted, and using their power to push for solutions that would address their situation. But their solutions ignore another population.

In the face of accelerating gentrification, along with ongoing speculation and eviction, the idea of putting a substantial number of homes outside of the reach of the speculative market has been gaining momentum across the country.

The tide is starting to change as a number of organizations have partnered with nonprofits to make deals to acquire naturally occurring affordable housing.

When this limited-equity cooperative in California began more than 30 years ago, it wasn’t the most affordable place to live. But now the co-op’s monthly costs are 50 percent lower than the average market-rate apartment.

Though the need is greater than ever for resale-restricted, affordable homes, the growth of this model of homeownership appears to be limited.

Warehousing is one of real estate’s best-kept secrets, and a crucial piece of how the housing market can keep supply low and demand high. One New York City organization rallied to prove warehousing still posed a problem, and pushed the boundaries of what was politically possible.

The time to strike isn’t when the iron is hot. Cities in soft or mixed markets should adopt inclusionary housing policies before the housing market heats up and the process becomes even more challenging.

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How can power over land be used in such a way that people who are at a political disadvantage—who are poor, members of racial, ethnic or religious minorities, very young or very old, or have a disability—benefit? How about those who cannot speak for themselves, like trees or rivers?