Policy: Funding Affordable Housing

Affordable housing is woefully underfunded and needlessly complicated. For more information, see our primer on affordable housing. MEHC is part of the Housing For All Marin coalition working to educate the public on the need for funding affordable housing. This November, Proposition 5 will be on the ballot. Proposition 5 will set the threshold for affordable housing bonds at 55%. This is an important step forward to providing funding for afforable housing.

The Bay Area Housing Finance Authority (BAHFA) is a new regional authority created to address the Bay Area’s chronic housing challenges. BAHFA has been given the authority to issue bonds to raise funds to be used for the production, protection and preservation of affordable housing. BAHFA is currently planning on placing an affordable housing bond on the ballot in 2026. In the interim, it is working on programs to address the three P’s of affordable housing: production, preservation and tenant protections

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