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Bay Area Affordable Housing Bond

Learn about the Bay Area’s November 2024 regional bond measure to invest in the production and preservation of affordable housing.

In November 2024, a regional bond measure to build more affordable homes and help keep existing homes affordable will appear on the ballot. A $20 billion dollar bond could create 72,000 new affordable homes — more than double what would be possible without a bond.

Currently, the Bay Area doesn’t have enough homes for the people who live here. As a result of the region’s housing shortage: 

  • In 2022, 37,000 people were unhoused in the Bay Area. 
  • 1.4 million people—23% of Bay Area renters—spend over half their income on rent. 
  • High rents and home prices force people to live far from work, making congestion and pollution much worse, and putting a major strain on working families.
  • Too many Bay Area residents live in overcrowded and unsafe housing.
  • Vital employees and community members are leaving the area.

BAHFA will place this housing bond measure on the November 2024 ballot to address these critical housing challenges.

Bay Area Affordable Housing Bond – Regional Funding for Local Solutions

A $20 billion bond measure to build more affordable homes and help keep existing homes affordable will appear on the November 2024 ballot. 

Read more about the bond measure.

Virtual Workshops

Two virtual workshops were held in August 2023 for all members of the public to learn about the proposed housing measure, ask questions and provide feedback to BAHFA.

Public Meetings & Engagement

BAHFA’s governing boards held a series of public meetings on the proposed housing bond throughout spring 2024. These meetings included discussions on BAHFA’s spending plan for its share of proposed bond funding and whether to place the housing measure on the November 2024 ballot. Public participation was encouraged and helped inform all key decision points. On June 26, 2024, at a publicly noticed meeting, the BAHFA Board voted to place the measure on the ballot.

View past BAHFA public meetings  related to the 2024 Bay Area housing bond. Each county and city receiving a direct allocation of funding will also hold separate public meetings to discuss plans for their local share of any voter-approved regional bond.