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Bay Area’s new growth plan eyes massive housing influx in Silicon Valley

Palo Alto, Mountain View would each have to plan for over 10K new housing units by 2031 under proposal

Sometime in early 2021, city planners throughout the Bay Area will receive a daunting assignment: a mandate to accommodate their cities’ “fair share” of the region’s projected housing growth.

Each of the 101 cities and nine counties that make up the Association of Bay Area Governments (ABAG) will receive a portion of the 441,176 housing units that the California Department of Housing and Community Development has assigned to the Bay Area for the next cycle of the Regional Housing Needs Allocation (RHNA), which will run from 2023 to 2031. The state agency had also determined that 114,442 of these units — or 25.9% of the total — should be designated for those in the “very low” income category.

While the numbers for each city and county won’t be formally adopted until early next year, the Association of Bay Area Governments offered a preview of what’s to come on Oct. 15, when its Executive Board adopted a methodology for doling out the allocations, completing a complex and contentious exercise that began in fall 2019. Read more via PaloAltoOnline

Pemo Theodore

Pemo Theodore is a Media Publisher & Event Producer and a great people connector.. She is Founder/CEO Silicon Valley TV which has served the San Francisco Bay Area for 11 years! She has produced Silicon Valley Events for Investors & Startups for 9 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 5 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is visual media and she has built up a great body of work of videos of panels & interviews in Silicon Valley.startup ecosystem.

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