Darrell Steinberg
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- Milken Institute1h 5m
Will Innovative Financing Solve California's Housing Shortage?
Darrell Steinberg, Beth Ruyak, Carla Boragno, David Chiu, Laura Foote Clark, Steve Hansen, Bill Witte
A comprehensive panel analysis identifies California's housing crisis as a result of misaligned regulatory frameworks, specifically CEQA and Proposition 13, which create prohibitive delays and perverse fiscal incentives that lock away available capital. Prominent figures including Assemblymember David Chu and major employers like Genentech advocate for a unified legislative strategy featuring "Affordable Housing Acts" and zoning reforms to mandate state-level production goals and accelerate the construction of 5 to 7 times the current volume of units. The consensus emphasizes that while innovative financing mechanisms, such as Sacramento's proposed sales tax trust fund, are necessary, they remain insufficient without simultaneous structural changes to reduce construction costs and align local incentives with residential development.
- Milken Institute53 min
2016 CA Summit - California Cities: Engines of Growth
Donna Bojarsky, Gray Davis, Stephen Engblom, Miguel Santana, Darrell Steinberg, Ashley Swearengin
Former California Governor Gray Davis joined current and former mayors alongside corporate leaders to analyze the devolution of political power and fiscal responsibility to urban centers amidst a rapidly growing global urban population. The panelists outlined how cities are overcoming federal withdrawal and infrastructure deficits by adopting data-driven governance, performance-based public-private partnerships, and strategic reinvestment in downtown revitalization and transit-oriented development. Ultimately, the discussion emphasized a shift toward resilient, non-partisan leadership that prioritizes specific "top three" agendas and cross-sector collaboration to drive economic growth in both coastal and inland regions.