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The Economic Benefits of Housing in California - January 2010
Click here to read the Preliminary Report
Santa Clarita Valley Business Journal - March 2010
Monthly Article by Holly Schroeder
New Home Orders Mean Improved Economy
Ventura Stormwater (MS4) Permit
On December 8, 2009, BIA/LAV hosted a seminar on the recently-adopted MS4 permit. Co-hosted by the Associated Contractors of CA and the Ventura County Chapter of the Public Works Association, the seminar was packed with information about how this permit will affect land development & construction in the future. For copies of the presentations, click here.
Affordable Housing: Making it Happen
The Central City Association (CCA) of Los Angeles, the Los Angeles Area Chamber of Commerce, the Valley Industry & Commerce Association (VICA), the Building Industry Association – Los Angeles/Ventura Chapter (BIA), the California Apartment Association – Los Angeles and other leading community organizations released “Affordable Housing: Making it Happen,” a new comprehensive report that outlines specific recommendations for creating more long-term, affordable housing in Los Angeles. The report includes new and updated recommendations from the “Housing for All: Fair Share Program” report, released in 2004.
READ THE STUDY HERE
The Joint Center for Housing Studies of Harvard University: Annual State of the Nation’s Housing for 2008
The Joint Center for Housing Studies of Harvard University has released its annual State of the Nation’s Housing for 2008. The report documents a larger than expected growth in renter households, worsening housing affordability conditions and the degree to which minorities and single-person households will dominate new household formations in the coming years. Click here to check out the full report.
READ THE STUDY HERE
Meeting the Housing Challenge in LA and Ventura 2007: a joint study by BIA/LAV and the LAEDC
In the midst of what many consider to be a weakening housing market, Los Angeles and Ventura counties continue to face a serious housing shortage. BIA/LAV and the LAEDC conducted set out to get a more accurate picture of what is really going on in the local housing market. The resulting study – “Meeting the Housing Challenge in L.A. and Ventura” – takes an in-depth look at the nature of the region’s growing population, housing issues related to those population issues, and how infrastructure is affected.
READ THE STUDY HERE
Homebuilding a $68 billion a year industry, new report finds
Homebuilding contributes nearly $68 billion a year to the state’s economy and creates close to 487,000 jobs, according to The Economic Benefits of Housing, a study prepared by the Sacramento Regional Research Institute. The report also found that the entire housing industry — including all goods and services purchased for existing homes as well as new homes — generates nearly $273 billion in economic activity, supports about 960,000 jobs and accounts for about 11 percent of all economic activity in California.
CLICK HERE TO VIEW THE STUDY
CBIA Fighting to Close California's Homeownership Gap
Because of more than 30 years' worth of regulatory barriers to needed housing production, California today has the second-worst homeownership rate in the nation. In fact, a new CBIA study found that if California just reached the national average, more than 1.6 million additional families would enjoy the benefits of owning their own home.
But CBIA has proposed a package of reforms that would remove unneeded barriers and ensure that California has the well-planned new homes, condos, and apartments it needs to meet our growing populations's needs.
CLICK HERE TO VIEW THE STUDY
Kosmont Partners Studies on Inclusionary Zoning
The BIA wants to ensure that local government and the public-at-large are aware of the negative consequences of inclusionary zoning. To do this, we commissioned studies from Kosmont Partners. The first of these studies examines inclusionary zoning in six jurisdictions in California and four ordinances in out-of-state locations and show how an IZ program in Los Angeles would have serious negative implications on the City’s housing affordability, would cause residential land uses to be placed at a competitive disadvantage, and would act as a constraint on housing production.
Housing-for-All: Fair Share Program
The Central City Association (CCA), the Building Industry Association-Los Angeles/Ventura Chapter (BIA/LAV) and a host of civic and business leaders unveiled the “Housing-for-All: Fair Share Program.” Aimed at solving the home affordability crisis in the City of Los Angeles, the plan called for increased production of housing at all income levels, including very low- and low-income and workforce housing.
MORE ON "HOUSING FOR ALL">>
Regulatory Barriers Taking a Heavy Toll on Housing Affordability for Working Families
Outdated, exclusionary and unnecessary government regulations continue to block the construction and rehabilitation of affordable housing in many parts of the country, according to “Why Not in Our Community?” a report from the Department of Housing and Urban Development.
The report is part of HUD’s America's Affordable Communities Initiative and the department's first substantive examination of the impact of regulatory barriers on affordable housing since its 1991 publication, “Not in My Backyard.”
Professors Study Inclusionary in Southern California
San Jose State Professors Benjamin Powell, PhD and Edward Stringham, PhD studied the use of housing mandates in Southern California in order to test their effectiveness, efficiency, and equity. By evaluating the effects of inclusionary zoning in Los Angeles and Orange Counties, this study shows that price-control mandates are an ineffective public policy response to high housing prices. It states that inclusionary zoning: is a poor affordable housing producer; imposes huge costs on middle-income homebuyers; and robs lower-income homebuyers of equity. The study can be found at: http://www.rppi.org/ps320.pdf.
A previous inclusionary zoning study conducted by San Jose State University in Northern California found that it has increased prices in some Bay Area cities by more than $100,000. Find the study at: http://www.rppi.org/ps318.pdf.
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