A wellspring of ideas in droughtland

 

California sometimes seems like another world, and Vermonters can be forgiven for thinking it has nothing to do with us. But wait: crazy as the housing picture in California is, there are several reasons why we should keep an eye on what’s happening there.

Like it or not, California is a policy trend-setter, and its cutting-edge ideas have a way of filtering through the rest of the country.

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Moreover, we’d argue that the housing problems California is facing are quantitatively different from what we have here, but not necessarily qualitatively — that is, affordable and fair housing challenges are pervasive in both states. (Here’s an example of the quantitative: 2-bedroom apartments in San Jose rent for an average of $2,917, which is affordable to someone with an income of $116,000. And you thought Burlington was bad!) Qualitatively, lower-income workers are priced out of the rental market in both states– and remember, Vermont is a low-wage state, which compounds housing unaffordability.

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Anyway, here are three California housing ideas worth your notice:

  • A real estate fee to be used for funding affordable housing development. Assembly Bill 1335 would impose a fee of $75 to $225 on real estate transactions (with some exemptions) to build a fund for affordable housing development. The legislation reportedly has a good range of supporters.
  • Sue the Suburbs: A novel piece of litigation is in the works after a developer scrapped plans for moderately priced housing in favor of a smaller number of $1 million-plus homes. Click here for a contextual story and here for the website.
  • Gentrification vaccine: In egregiously expensive San Francisco, the storied Tenderloin District has apparently retained a healthy share of affordable housing in the face of market forces. That’s because nonprofits and housing activists have worked for years to ensure that a substantial share of the district’s housing is subsidized or permanently affordable. For an article that gives their collective efforts a catchy moniker, click here.

 

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