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AgdaPkt 2021.01.11 Amended Joint SA PFA
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AgdaPkt 2021.01.11 Amended Joint SA PFA
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Last modified
1/13/2021 8:57:42 AM
Creation date
1/11/2021 11:30:01 AM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/11/2021
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6.C. - Page 14 of 29 <br />how much could be raised from property taxes each year. Cash -hungry cities zoned more land <br />for commercial use so they could collect more sales tax. That meant more retail property was <br />built than private housing. In addition, steep impact fees pushed developers to prioritize <br />expensive homes rather than multi -unit housing. Then, Silicon Valley businesses grew and <br />brought huge numbers of tech jobs to the Bay Area. "The housing crisis has been a slow-moving <br />storm that has been churning for decades."13 <br />The number of jobs in San Mateo County has grown beyond the number of new housing units <br />available. 14 Between 2010-2018, for example, 93,000 jobs were added but only 8,500 new <br />housing units were built. To put this serious situation in perspective, more than two-thirds (68%) <br />of the County's land is either agricultural or open space, and two-thirds of the County's <br />developed land is occupied by single-family homes. 15 Simply stated, building more single-family <br />homes on the remaining available land cannot begin to solve the County's housing shortfall. <br />"Limited land and the large gap between new jobs and available housing lead to high rents and <br />high home prices. In the County, median rent for a one -bedroom apartment is $2,621 and for a <br />two-bedroom apartment it is $3,349."16 Approximately two thirds of San Mateo County <br />households cannot afford to purchase an entry-level home. Among those affected are important <br />members of the County's workforce including teachers, firefighters and other public employees <br />who are unable to live in the areas they serve.17 Lack of affordable housing is an issue for San <br />Mateo County and throughout the State of California. 18 <br />13 Melissa Colorado, "Making It in the Bay: How the Bay Area's Housing Crisis Spiraled Out of Control" <br />February 10, 2020. hops:/Iwww.nl cg�ayarea.cont/nekvs/Focal/nzakin,(+-it-in-tlze-bav/makinV-it-in-tlte-bav-ho►v-the- <br />ba.,v-areas-Itous in+z-crisis-su i ral eci-out-of-co ntroU2230410/ <br />14 According to a San Mateo County spokesperson at a Home for All Community Convening on Second Units: <br />Maintaining the Momentum, Belmont, February 27, 2020 <br />15 Home for All Community Convening on Second Units: Maintaining the Momentum, Belmont, February 27, <br />2020. <br />16 Home for All brochure, Published April 2019. https://homeforallstrt.c.ory/wp- <br />content/uyloads/2019/08/H.FA brochure v16_WEB.& <br />17 Second Unit Inspiration Brochure, produced by Baird + Driskell Community Planning, page 4, 2018. <br />www.Second Un itCenterSivl.C.ore. <br />18 California Housing Partnership analysis of 2018 1 -year American Community Survey (ACS) PUMS data with <br />HUD income levels Mips:// I p080I kdOc03rixlhmhtydpr—wpengine.netdna-ssl.coniiwp- <br />content;'uplaads/2020/QYCf iPC_IlousingNeedslteportC A 2{i'_'0 F'inaf-.df <br />2019-2020 San Mateo County Civil Grand Jury <br />139 <br />
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