Council Housing Committee Co-Chair Kofi Bonner Highlights Governor’s Streamlining Affordable Housing Bill on “Market Makers”

Bay Area Council Housing Co-Chair and Regional President of Five Point Holdings Kofi Bonner was featured this week on The Registry’s “Market Makers” to discuss the consolidation of Lennar Urban into Five Point Holdings. Bonner took the opportunity to emphasize the crisis level cost of housing in the Bay Area, highlighting the Council’s advocacy efforts in support of Governor Jerry Brown’s right to build proposal that would fast track approval of affordable housing that meets existing local planning rules. Watch the interview>>

The Governor’s Streamlining Affordable Housing bill would allow cities to give simple administrative approval of housing developments that are consistent with existing local planning, building and zoning regulations and that set aside either 20 percent of new homes for lower-income residents or 10 percent when the development is located close to transit. A top priority, the Council launched a major campaign in support of passing the landmark reforms that would speed approval of new affordable housing statewide. With negotiations on final bill language extended until August 30, the Council is working closely with the Governor’s office and legislative leaders to ensure meaningful legislation passes. To get involved in the Council’s right to build advocacy efforts, please contact Matt Regan.