Here's the Orange County Register, via the Mercury News, on a housing conference in Los Angeles last week that posed many questions and presented multiple answers to the shortage of afforadable housing in the state:
How can California increase the number of homes that people can afford?
By giving more money to cities that build sufficient affordable housing, some said at a housing summit last week in Los Angeles. Or cutting off funding to those that don’t.
Or by allowing developers to bypass the local process in cities and counties with insufficient affordable housing. Allowing single-family homeowners to build and rent out granny flats. And by streamlining the approval process for affordable housing projects.
Those were some of the ideas batted around at an industry brain-storming session Thursday on the state’s “affordability crisis.” Hosted by the California Association of Realtors, the summit drew about 100 economists, state and local officials, home builder representatives and affordable housing developers and advocates.