Policy: Funding Affordable Housing

Affordable housing is woefully underfunded and needlessly complicated. For more information, see our primer on affordable housing. Call Marin Home has endorsed Proposition 1 which will provide $11.25B in bonds for affordable housing. This proposition is on the November 2026 ballot.

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 measure on the ballot in 2028. We are a part of the subcommittee working on funding mechanisms.

We are also working on Marin specific sources of funding. While local funding sources cannot replace the funding from a broad based tax, they can help current projects move forward and leverage state and federal resources. We provide a review of local options in our document, Affordable Housing Funding for Cash Strapped Jurisdictions.

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