New State Budget to Propel Pilot Programs for Bay Area Housing
Newsom includes a $20 million appropriation for the Metropolitan Transportation Commission (MTC) to underwrite the work of the Bay Area Housing Finance Authority (BAHFA).
- Newsom includes a $20 million appropriation for the Metropolitan Transportation Commission (MTC) to underwrite the work of the Bay Area Housing Finance Authority (BAHFA).
- BAHFA, which is jointly managed by MTC and the Association of Bay Area Governments (ABAG), plans to use this money to seed five new pilot programs designed to ease the Bay Area's housing affordability and homelessness crises.
- "BAHFA was established to transform how the Bay Area delivers on housing affordability and stability," explained Napa County Supervisor Alfredo Pedroza, who also serves as Chair of both MTC and BAHFA.
- Established in 2019 by state Assembly Bill 1487, BAHFA is the first regional housing finance authority in California.