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CRA proposes FY27 housing priorities to push deeper affordability and geographic spread
Summary
CRA staff proposed keeping core priorities (deeply affordable units, family units, wealth-building, neighborhood services) and shifting the fifth priority to 'expanding affordable housing availability' to incentivize projects in census tracts with limited deed-restricted affordable housing; staff also proposed raising the HDLP threshold to 20% for family-sized or deeply affordable units.
CRA staff on March 10 presented a proposed FY27 housing funding strategy that keeps the agency’s five core priorities largely intact — deeply affordable housing, family-sized units with child amenities, wealth-building opportunities, neighborhood services and commercial spaces — but recommends replacing a prior ‘‘expanding opportunity’’ emphasis with a clearer aim to ‘‘expand affordable…
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