Major Housing Contributions Underscores the Need for State Action

Google announced a $1 billion contribution towards the housing crisis, aiming to deliver 20,000 Bay Area homes. Days later, Stanford rivaled with a $4.7 billion plan towards housing, transit, and school costs in Santa Clara County as part of their benefits package in pursuit of general plan permit to allow for campus expansion. Google and Stanford join a growing list of Bay Area Council members, including Kaiser Permanente, Wells Fargo, JPMorgan Chase, Genentech, Microsoft, LinkedIn, Cisco, and Facebook, that have made significant contributions to housing. As we applaud these contributions, it also underscores our region and state’s broken process for housing production. In the long term, we cannot rely on employers and institutions to address our housing shortage. The Council hopes these contributions motivate leadership in Sacramento to continue to push for much-needed statewide housing reform, and leaders on the local level to approve much-needed housing. To engage in the Council’s housing policy work, please contact Policy Manager Xiomara Cisneros>>