There is a chronic shortage of housing and a lack of housing affordability throughout California. Major institutions, employers, and startups cite lack of housing options as a serious impediment to recruiting and retaining talent. The impact of housing affordability is a critical challenge to local, regional, and Statewide economies,
particularly as people from all income groups are increasingly frustrated with the lack of affordable options to rent or buy and instead opt to develop their careers in more affordable areas. The Summit will discuss solutions and strategies for decision-makers to build housing in their local communities and to say YES to housing.
The California Housing Summit will focus on resources and opportunities created by State legislation and local policies to build more housing, including affordable housing, and will provide innovative tools to get to YES for housing development in local communities.
The lack of local funding for affordable housing contributes to California's overall housing shortage. Many communities are experiencing difficulty to find steady stream of resources to build and preserve afforable housing. However, there are a number of tools and strategies that local governments can utilize to help building housing in their communities.
Substandard housing conditions, such as overcrowding, can lead to or exacerbate health and behavioral problems in children and adults. These problems range from increased risk for asthma and poorer school performance in children to obesity and stress-related behavioral problems in adults. Tying health and safety goals with housing goals can alleviate problems with the housing crisis.
Many employers who leave California or focus future growth outside the State often cite afforable housing options for their employees as a major reason for leaving. The exit of employers and the associated drain on the workforce highlight the impact of the housing crisis on the economy.
Social equity and the risk of displacement are an increasing challenge for low income families. With fewer afforable housing options, many families must dedicate more income toward housing, which can increase risk for poverty or never leaving it. Others may be forced to seek housing elsewhere or share housing with other families, increasing overcrowding and other problems.