SAN FRANCISCO—Finding a home in the right neighborhood at the right price can be stressful for many buyers, but it's become a dire struggle for low-income households in the Bay Area. This is because affordable housing construction in the nine-county area hasn't kept pace with tech-fueled business and population growth.
In Oakland alone, the homeless population increased by 47% from 2017 to 2019. And there are nearly 130,000 homeless people across California, comprising 24% of the US homeless population.
James Vossoughi, vice president, community development banking with Chase, recently shared some insights on how COVID has had an impact on affordable housing, resulted in shifting strategies and provided opportunities for growth.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
