By Steve Barton, Director, Regional Vibrancy and Sustainability, NCG
Whether you’re living, moving, hiring or solving, it’s hard to argue that anything more urgently defines our region than the housing crisis. Our friends at the David and Lucile Packard Foundation put together this snazzy graphic on the levers and landscape for affordable housing from philanthropic investment to development to percentage of income spent on housing.
We’re concerned about pricing people out of their neighborhoods and the changes we’re already seeing in the fabric and personalities of our communities.
Our Nonprofit Displacement Project shines a light on the rising cost for the nonprofits that serve our community and we’re moving toward gentrification and homelessness. That’s one of the reasons we’re particularly interested in this snapshot and report; if you’re not in this space currently, it can help you find your footing on affordable housing. And if you don’t describe yourself as a “housing” funder this information underscores that the people most affected by the lack of affordable housing are oftentimes the recipients of our investment.
The report (and snapshot) from Packard point toward how we can target our investments to ensure our cities and towns might better keep their economic, racial, and ethnic diversity.
I’ve been doing a walkabout for the last several months, thinking about the longer-term implications of rising real estate cost and lack of affordable housing, the whole income inequality discussion and the disproportionate access to opportunities that we’re experiencing across the Bay. We’ll have more to say about potential efforts in the coming months.
The infographic here is illuminating not just on who needs housing and what is currently in play, but it also frames what we can do as a sector to create affordable housing for low and moderate income folks as well as teachers, firefighters, nurses, nonprofit workers and others who make our communities diverse and beautiful.