CA Penny Wise and Pound Foolish
California “Penny Wise and Pound Foolish” When It Comes to Affordable Housing
Governor Brown took an important step when he acknowledged the severity of the State’s affordable housing crisis in his revised budget.
However, instead of holding desperately needed investments hostage to other agendas, the Governor’s office should focus on the triple bottom line that investments in affordable housing bring:
- new housing to reduce homelessness and stabilize our lowest-income workers,
- new jobs to ensure unemployment remains low and
- new economic benefits that far outweigh the cost to state government.
Last week, the Northern California Carpenters Regional Council released a policy brief outlining the specific economic benefits of investments in affordable housing.
My latest blog post discusses why the Governor and his team should focus more on these triple bottom line benefits than on costs alone.