Funding for Affordable Housing

Transform supports two upcoming housing bonds to build new affordable housing, preserve existing affordable housing, and invest in tenant protections that create vibrant, sustainable, and affordable communities throughout the Bay Area.

Affordable housing is a climate solution.

The Bay Area is suffering a severe affordable housing deficit, with tens of thousands of residents experiencing homelessness and millions more struggling to pay rent. We need more funding to address this crisis. In addition to the benefits for our rent-burdened and houseless neighbors, an infusion of funding for affordable housing through a regional housing measure would also have significant climate benefits, in particular by helping the Bay Area reduce our greenhouse gas emissions from transportation, California’s largest source of emissions. Read our analysis.

Ours isn’t the only community affected by California’s housing shortage. A $10 billion statewide bond measure on the November 2026 ballot will help communities throughout our state build much-needed affordable housing.

A vision of vibrant communities.

Affordable housing built with funding from a regional housing bond measure would create lively neighborhoods where people can easily walk to common destinations. Foot traffic would increase safety for all on the street. People would be able to choose to ride a bike for fun or to get where they need to go. Frequent, reliable transit would provide connections throughout the region.

Transform analysis: climate benefits of housing bond

Preventing more than 3 million tons of GHG emissions

Infill housing built with funding from the regional housing bond will take the equivalent of 17,000 cars off the road annually, reducing GHG emissions by more than 3 million metric tons.

40,000 new units built near transit

Studies have shown that when affordable housing is within easy access to public transit, people drive less and take transit more. The housing bond will put this within reach.

More than $150 million in annual savings for residents

Residents living in newly created affordable housing near transit will save $154 million per year in travel costs because transit trips are less expensive than car trips and they will be able to reduce vehicle use and ownership.

More About the Regional Housing Measure

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