In 2016, MBEP launched our housing initiative to support an increase in the supply of all housing at all income levels 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.
What we have accomplished
Launched Monterey Bay Housing Trust
Funding 500 new affordable homes.
Click here to see Housing Trust funded projects.
Published Housing White Paper
Resulting in 14+ new policies that are improving housing affordability
View all of our reports and white papers here.
Launched Action Center
Resulting in 2,029 new homes
Implemented Farmworker Housing Action Plan
Resulting in 2,200+ beds
Click here to see our housing accomplishments for 2020!
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with our quarterly housing report.
Learn more about
what we do
“Every time you pick up the news you’re reading about affordable housing and the incredible need for it. Working with the Monterey Bay Economic Partnership, affordable housing is being addressed, they’re bringing the right people together, we’re good to go.”
~ Greg Jamison, Grant Committee Chair, Monterey Peninsula Foundation
The State of California is experiencing a housing crisis that impacts virtually every component of our local communities from low-income families who struggle to pay rent to major businesses seeking to recruit and retain qualified members of the workforce. The crisis is well documented, and has been compounded by the coronavirus pandemic.
The Monterey Bay Housing Trust (MBHT) is a revolving loan fund sponsored by the Monterey Bay Economic Partnership (MBEP) and Housing Trust Silicon Valley. The goal of this fund is to increase the supply of affordable housing for 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.
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.
Monterey Bay Economic Partnership Housing Impact
Current Project Endorsements
831 Water Street
831 Water St. is a proposed housing development located near Downtown Santa Cruz featuring two five-story mixed-use buildings including 151 apartments, underground parking, and ground-floor commercial space, and…
This project would provide 222 units of farmworker and other affordable housing targeting income levels of approximately 40% to 70% of Area Median Income. It would include community buildings with amenities such as multi-purpose…
Cedar Street Apartments
In January, MBEP endorsed the Cedar St. Apartments development. Located in the heart of Downtown Santa Cruz, Cedar St. Apartments answer a critical need for affordable housing and supportive housing in the City of Santa Cruz…