PRIORITIES

Housing Affordability

For decades, the financial security of Californians relied on the value of their homes; but more and more homeownership in the state has moved farther out of reach for too many California families. Affordable housing in California– a state where demand consistently outpaces supply — now not only includes meeting the demands of low-income Californians, but also workforce housing needs and a growing number of homeless in California. As Controller, Betty is advocating for increasing affordable housing tax credits that leverage other sources of financing for affordable housing, examine ways to reduce the costs of building affordable housing while at the same time ensuring the sustainability of these units, and seek ways to make the finite financial resources work smarter to meet California’s affordable housing needs. Betty serves on several important boards that oversee bond issuance and tax credit allocation to finance major infrastructure improvements in California, including housing, health and educational facilities, and major transportation projects.  Foreseeing that there will be insufficient funds to build adequate housing to meet the demand, Betty is dedicated to creating incentives that will increase the number of affordable housing units, support the rehabilitation of existing units, drive down the cost of housing, and foster more integrated communities.