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Executive Summary <br /> Challenges <br /> California's Housing Future: Challenges and Opportunities includes five key challenges regarding <br /> housing affordability: <br /> 1. Housing supply continues to not keep pace with demand, and the existing system of land-use <br /> planning and regulation creates barriers to development. <br /> 2. The highest housing growth is expected in communities with environmental and socio- <br /> economic disparities. <br /> 3. Unstable funding for affordable home development is hindering California's ability to meet <br /> California's housing demand, particularly for lower-income households. <br /> 4. People experiencing homelessness and other vulnerable populations face additional barriers to <br /> obtaining housing. <br /> 5. High housing costs have far-reaching policy impacts on the quality of life in California, including <br /> health, transportation, education, the environment, and the economy. <br /> Options for Addressing Housing Challenges <br /> Options for advancing the discussion about how to address the cost of housing fall into three broad <br /> categories, with specific potential actions falling under each: <br /> • Reforming land use policies to advance affordability, sustainability, equity. <br /> • Addressing housing and access needs for vulnerable populations through greater inter-agency <br /> coordination, program design, and evaluation. <br /> • Investing in affordable home development and rehabilitation, rental and homeownership <br /> assistance, and community development. <br /> California's Housing Future: Challenges And Opportunities 2 <br /> January 2017 Draft <br />