The Lack of affordable housing on the Peninsula has reached a crisis point. More and more of our teachers, service workers and others are leaving the area due to the high cost of renting and owning a place to call home.
Consistently, Peninsula residents rank as their two greatest concerns, the shortage of housing and the abundance of traffic. For years, housing development in San Mateo County has not kept up with the thousands of new jobs added, and the problem has gotten worse in recent years. This job-housing gap drives up the cost of housing for homebuyers and renters alike, produces congestion and long commutes for workers, and forces our friends and family members to move away because they can no longer afford to live here.
Between 2010 and 2014, 54,600 new jobs were created in San Mateo County, while only 2,100 new housing unites were built.
While San Mateo County has allocated $42 million over the next two years to fund affordable housing projects, we won't build our way out of the housing crises with that investment. Rather we should view that money as a incremental step in addressing our dire situation.
President Don Horsley and I, as co-chairs of the "Closing the Jobs Housing Task Force" and more recently the county's "Home for All" initiative, sat down with Mark Simon and Kevin Mullin, to talk about San Mateo County's affordable housing crises.