What do you see as the major factors driving the housing crisis in the Sacramento region?
The factor is not land. It’s money. And NIMBYism for sure, we saw
what just happened in Elk Grove. That was nimbyism on steroids.
I would say that SHA is really good at, and fighting for, more resources to tackle the fundamental issues at the state level. When our affordable housing builders have a project, they have to compete with LA, San Diego and San Francisco for the same amount of money in the same way — and a lot of the resources are not here, as they are in LA and the Bay Area and so on. So we lose out in getting funding in that sense.
We really work hard to make sure Sacramento is not overlooked when it comes to the barriers. All things would be equal, Sacramento probably would be in the lead because we have more land than most of those areas available to build.