Housing

Housing Initiative

In 2016, MBEP launched our housing initiative to support an increase in the supply of all housing in the Monterey Bay region. Our initiative starts with a broad, regional coalition of individuals and organizations to advocate for the construction of all types of housing through our MBEP Action Center.

To encourage development, we joined forces with Housing Trust Silicon Valley to create the Monterey Bay Housing Trust: a local housing trust fund that provides a new loan pool to bring affordable housing projects to reality throughout the region. In just one year, we’ve surpassed our fundraising goal, raising over $12M, and have funded three projects.

And lastly we are showcasing regional innovation by providing inspiring examples of employer-sponsored housing.

Housing Focus Areas
  • MBEP Action Center

    MBEP and the residents of our region need you to be an advocate for housing at the local, state and/or federal level. We invite you to learn more and encourage you to take action today. Your voice does matter!

    Learn More

  • Monterey Bay Housing Trust

    The Monterey Bay Housing Trust (MBHT) is a revolving loan fund managed by MBEP, enabled through a partnership with Housing Trust Silicon Valley. The goal of this fund is to increase the supply of affordable housing in the region, with an emphasis on low to very low income households. MBHT loans can finance acquisition, pre-development or construction of affordable housing in the Monterey Bay region, inclusive of Santa Cruz, San Benito and Monterey counties.

    Learn More

  • Employer Sponsored Housing

    Employers are increasingly playing a larger role in the welfare of their employees. In addition to health care benefits, retirement plans and wellness programs, some employers have raised the bar and created much needed, affordable homes for their employees. MBEP applauds these creative and innovative efforts that provide benefits for the company, the employees and the community.

    Learn More

  • Housing Policy Change White Paper

    MBEP and Member Envision Housing announced the latest effort to positively affect local housing affordability based on proven policy changes in other locations with highly constrained housing markets. This white paper asks local jurisdictions to examine, discuss, and consider policy changes that will increase housing affordability throughout the Monterey Bay region.

  • Housing Advocacy

    Affordable housing is too often misunderstood. Many residents in our region work extremely hard to provide the services we rely on every day, yet still do not make enough money to afford the average rent. As a community, we have a responsibility to speak up and support affordable housing.

     Matt Huerta, MBEP Housing Program Manager, Monterey Bay Economic Partnership

    What is Housing Advocacy?

    Housing advocacy is a way to make your voice heard and influence the outcome of a project or policy at the local, state or federal level. There are several ways you can be a housing advocate. Housing advocacy activities include:

    • Promoting an issue among your social networks
    • Calling or writing to your elected officials
    • Writing a letter to the editor of your local newspaper
    • Writing to the City Council, Planning Commission or Board of Supervisors
    • Attending City Council, Planning Commission or Board of Supervisors meetings
    • Meeting with your elected officials or their staff

    Why Housing Advocacy?

    • To promote sound housing policy
    • To voice your approval of housing development
    • To support the natural growth of our community

    Who Engages in Housing Advocacy Activities?

    Anyone can engage in housing advocacy and MBEP has provided some resources below to make it easy for you to get started.Also, if you have a specific housing policy or project you would like MBEP to consider supporting please complete one of the following endorsement forms: Policy Endorsement Request or Project Endorsement Request

    Helpful Resources for Advocacy Communication:

    Where Can I go to Learn More About Advocacy?

  • Policy & Project Endorsement Request

    If you have a specific housing policy or project you would like MBEP to consider supporting, please complete one of the following endorsement forms: Policy Endorsement Request or Project Endorsement Request

  • Understanding Regional Housing Needs

    In the Monterey Bay region, AMBAG (Association of Monterey Bay Area Governments) provides a Regional Housing Needs Assessment (RHNA) to project the number of homes needed in our region during a specified time period. The 2014-2023 RHNA goals are outlined here.

    RHNA Goals 2014-2023 (inclusive of all cities and unincorporated areas)
    Monterey County Santa Cruz County San Benito County Monterey Bay Region
    Very Low Income 1,781 734 520 3,035
    Low Income 1,160 480 315 1,955
    Moderate Income 1,346 554 430 2,330
    Above Moderate Income 3,099 1,276 929 5,304
    Total 7,386 3,044 2,194 12,624
  • Understanding "Affordable"

    The standard definition of affordable housing is when housing expenses are no more than 30% of a family’s gross income. Ideally, very one of us is able to live in affordable housing.

    The term affordable housing is also used to refer to income-restricted properties. In expensive regions like ours rents are not affordable to the average working family and these types of properties are absolutely essential for a thriving economy. Projects are typically built and managed by nonprofit and for-profit developers with money from conventional loans, private investment, bonds and/or tax credits.  Many of these developments also have rental subsidies attached to them in order to make the units more affordable to the very low and extremely low income families.

    Is Income-Restricted Affordable Housing The Same As Public Housing Or Government Subsidized Housing? No. Public housing refers to affordable apartments for low-income families, the elderly and persons with disabilities funded by the US Department of Housing and Urban Development (HUD) but owned and managed by local Housing Authorities. This type of affordable housing provides a limited number of rental apartments to households in the HUD program and money for this program is provided by the federal government.

    What is Area Median Income (AMI). Median income is the amount that divides the income distribution into two equal groups with half having income above that amount, and half having income below that amount. AMI is calculated each year by HUD as well as the California Department of Housing and Community Development for designated programs and is used to determine applicant eligibility (based on the level of household income) and to calculate rents for affordable housing programs. The graph above illustrates how AMI levels distinguish what is considered affordable and who qualifies for income-restricted, affordable rentals.

  • Income Limits for the Monterey Bay Region

    2017 Income Limits – Monterey County
    % Median Income 1 Person Affordable Rent 2 person Affordable Rent 4 person Affordable Rent
    Extremely Low Income 0-30% $17,100 $361 $19,550 $412 $24,600 $515
    Very Low Income 31-50% $28,500 $601 $32,600 $687 $40,700 $859
    Low Income 51-80% $45,600 $722 $52,100 $824 $65,100 $1,031
    Median Income 100% $48,100 $1,203 $54,950 $1,374 $68,700 $1,718
    Moderate Income 81-120% $57,700 $1,323 $65,950 $1,511 $82,450 $1,889
    2017 Income Limits – Santa Cruz County
    % Median Income 1 Person Affordable Rent 2 person Affordable Rent 4 person Affordable Rent
    Extremely Low Income 0-30% $21,200 $457 $24,200 $522 $30,250 $653
    Very Low Income 31-50% $35,300 $761 $40,350 $870 $50,400 $1,088
    Low Income 51-80% $56,500 $914 $64,550 $1,044 $80,650 $1,305
    Median Income 100% $60,900 $1,523 $69,600 $1,740 $87,000 $2,175
    Moderate Income 81-120% $73,100 $1,675 $83,500 $1,914 $104,400 $2,393
    2017 Income Limits – San Benito County
    % Median Income 1 Person Affordable Rent 2 person Affordable Rent 4 person Affordable Rent
    Extremely Low Income 0-30% $17,600 $426 $20,100 $487 $25,100 $608
    Very Low Income 31-50% $29,300 $709 $33,450 $811 $41,800 $1,014
    Low Income 51-80% $46,850 $851 $53,550 $974 $66,900 $1,217
    Median Income 100% $56,750 $1,419 $64,900 $1,623 $81,100 $2,028
    Moderate Income 81-120% $68,100 $1,561 $77,850 $1,785 $97,300 $2,230

    Source: California Departmnet of Housing and Community Development, State Income Levels for 2017

  • Industry Wages and Affordable Rent

    Source: State of California Employment Development Department – Quarterly Census of Employment and Wages (QCEW) Data