NPH has been proudly anchoring efforts to advance a $20 billion 9-county Bay Area affordable housing bond measure and last Thursday it garnered incredible public support: the mayors of San José, San Francisco, and Berkeley appeared alongside NPH Executive Director Amie Fishman to rally behind this transformative measure!

Amie Fishman noted at the press conference that affordable housing development has been bumping into challenges but “we have the opportunity to change that . . . We need to scale up the investment to achieve the public benefits that all our communities deserve,” the San Francisco Business Times captured.

A Transformative Measure NPH has been working to advance this affordable housing measure in close coordination with our Bay Area Housing for All (BAHA) coalition, which includes All Home, Enterprise Community Partners and San Francisco Foundation. This regional measure has the power to create or preserve 90,000 new homes across the Bay Area!

Critical Vote on the Measure TODAY! An important vote on the Bay Area affordable housing bond measure is happening shortly! Today's meeting of the Bay Area Housing Finance Authority (BAHFA) in San Francisco includes the final vote for the bond that determines if it will be on the ballot in November. The meeting begins at 9:35AM and you can catch it here.

Over the weekend, California lawmakers agreed on a final 2024-25 state budget deal. In one of the most difficult budget years in some time, we successfully advocated for and preserved funding for the Multifamily Housing Program (MHP) and the State Tax Credits, our key priorities for this budget cycle, but also feel the pain of the many cuts the Governor and legislature made to balance the budget.

Here are some of the toplines from the housing portions of the budget: 

Restorations or New Funding: 

• $315 million: Multifamily Housing Program (MHP)
• $500 million: enhanced State Housing Tax Credit, as included in Governor’s May Revise
• $260 million: Regional Early Action Program (REAP) 2.0
• $14 million: Housing Navigation and Maintenance Program
• $1 billion: sixth round of Homeless Housing, Assistance and Prevention (HHAP) with added accountability measures
• $150 million in ‘24-25 and $100 million in ‘25-26: Encampment Resolution Funding, with added accountability measures

Cuts to Housing Programs:

• -$127.5 million: Adaptive Reuse Program 
• -$235 million: Infill Infrastructure Grant Program (IIG)
• -$484 million: Foreclosure Intervention Housing Preservation Program (FIHPP)
• -$152.5 million: CalHome Program
• -$40 million: REAP 2.0
• -$10 million: MHP
• -$76 million: Veterans Housing and Homeless Program (VHHP)

The constitutional deadline for the governor to sign the balanced budget is June 30, before the new fiscal year begins on July 1.

The 45th NPH Affordable Housing Conference is taking place Friday, October 4! Show your support for the affordable housing industry and boost visibility for your organization by sponsoring the conference today.

Your sponsorship supports our industry's ability to be strategic and win impactful affordable housing and homelessness solutions that help our Bay Area communities thrive!

Maximize Your Benefits Sponsor by July 8 at the Underwriter Level or above to ensure that your logo is on our conference bag, handed out to over 1,000 attendees!