A new bill is being introduced in Sacramento which would create a first-of-its-kind housing authority that would have the authority to put fees and taxes on ballots throughout the Bay Area. While specifics were not clear, the authority could target everyone from developers to property owners to employers. The goal is to raise $1.5 billion which would go to affordable housing construction, acquiring land for housing projects, providing emergency rental assistance, etc.
Many local cities expressed concern as the bill could take up to 20 percent of future property taxes. Smaller cities and towns worry that they will be excluded from the benefits of the housing authority.