BAHFA - Bay Area Housing Finance Authority

A collage of images: families, a mid-rise city apartment building, and a single-family home under construction

BAHFA - Bay Area Housing Finance Authority

The Bay Area Housing Finance Authority (BAHFA) is a shared initiative of ABAG and the Metropolitan Transportation Commission, in partnership with cities and counties, to step up efforts to address the Bay Area’s chronic housing affordability challenges. MTC and ABAG have committed to expanding the agencies’ regional housing portfolio and BAHFA represents a key financial pillar of these efforts.

What is BAHFA?

The Bay Area Housing Finance Authority was established by AB 1487 (2019, Chiu) and will offer a powerful new set of financing and policy tools to promote housing affordability and address the region’s housing crisis. MTC and ABAG policymakers collaborated closely during the legislative process to establish BAHFA, including its unique joint governance structure that requires a double green-light process to obtain policy and programming approvals from both the BAHFA Board (composed of the same board as MTC) and the ABAG Executive Board.

A part of the Bay Area’s expanded regional housing portfolio toolbox, BAHFA aims to develop a comprehensive regional strategy for helping local governments tackle the housing crisis on a larger scale by transcending city and county boundaries. The Bay Area’s nine counties and 101 cities and towns currently address most housing issues individually, and often with limited staff and financial resources. BAHFA will enable the close collaboration, coordination, regional thinking and decisive action necessary to address our housing challenges. This bird’s-eye-view of the crisis will enable development of strategies that preserve existing housing units, prevent displacement of current residents and promote the construction of new units.

Strategic “3Ps” Framework

BAHFA, and the expanded regional housing portfolio, is rooted in the “3Ps” framework that comprehensively addresses the housing crisis through a combination of production, preservation and protection. Specifically:

  • Production of rental housing for lower-income households (at or below 80% of the area median income or AMI)
  • Preservation of affordable housing for low-or moderate-income households (up to 120% of AMI)
  • Protecting tenants from displacement and preventing homelessness

One of the key features of BAHFA is its ability to raise significant new funding for the “3 Ps” through a regional revenue ballot measure.

ABAG Housing Committee

The Housing Committee supplements ABAG’s housing planning work, strengthen its leadership role on Bay Area housing issues and advise the Executive Board on a variety of housing programs and policies, including those to reduce homelessness. The ABAG Housing Committee works closely with MTC and BAHFA as a part of the expanded regional housing portfolio.

BAHFA Staff Contact

For more information, contact Kate Hartley, BAHFA Director, at

Advisory Committee Members

AB 1487 requires BAHFA and ABAG to form a nine-member public advisory committee to provide input on funding guidelines and overall program implementation. The permanent Advisory Committee formation process is currently underway.

BAHFA Oversight Committee

Learn about the BAHFA Oversight Committee on the Metropolitan Transportation Commission website.


Technical Assistance Portal

The Technical Assistance (TA) Portal has a variety of resources for local agency staff.