Richard Bloom
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- Milken Institute1h 3m
2016 CA Summit - If You Lived Here, You'd Be Home by Now: Addressing California's Housing Shortfall
Jonathan Woetzel, Richard Bloom, Carol Galante, Scott Laurie, Aaron Wade
A comprehensive analysis details California's severe housing crisis, characterized by a 50-billion-dollar financial gap and 49th-place national ranking driven by tripled land costs, skyrocketing construction expenses, and restrictive local policies. Regulatory hurdles like unenforced regional housing allocations and NIMBY opposition have stunted supply growth while shifting market leverage toward labor trades and tightening financing requirements. Addressing this structural deficit demands explicit state intervention to standardize impact fees, modernize parking mandates, and accelerate modular construction adoption to align housing output with demographic shifts and economic realities.