State Policy on Sustainable Communities and Affordable Housing
California Tax Credit Allocation Committee (CTCAC) Mobility Reform Initiative
The state of California helps finance affordable housing development through tax credits using a system that subsidizes costly parking, wastes millions of dollars on unused parking spaces, and diverts funds and land from affordable housing development, reducing how much can be built. It encourages vehicle ownership, traffic congestion, accidents, greenhouse gases, and pollution and lacks incentives for alternative mobility.
Bundling is unfair to households that do not use the parking assigned to them, but whose rent to helps cover the cost. Unbundling would rent parking spaces separately from housing units, so households would pay only for parking spaces they actually need.
In short, current tax credit allocation policies contradict local and state objectives to provide affordable housing and counter climate change.
Comments on Affordable Housing Sustainable Communities (AHSC) Guidelines and California Air Resources Board (CARB) Methodology for Greenhouse Gas (GHG) Quantification
HAPA has been researching ways that AHSC and CARB can make their analysis of GHG increasingly comprehensive. These refinements are intended to make it easier to study what it will take to truly create more sustainable communities on a wide scale.