Want More Affordable Housing? Reform Prop 13

In order to address our housing crisis, we must generate more local revenue. Chris Hoene, Executive Director of the California Budget and Policy Center, recently told a conference of  California Realtors that Proposition 13 needs to be reformed so that local governments are able to finance affordable housing projects. To understand why local governments have such a limited ability to fund affordable housing development, let’s take a closer look at Prop 13. And what better time to do that than on the 39th anniversary of its passage.