BAHFA - Bay Area Housing Finance Authority

A Tempo bus in front of a large apartment building in Alameda County.
Credit: Karl Nielsen

BAHFA - Bay Area Housing Finance Authority

BAHFA – the first regional housing finance authority in the state – may place a $10-$20 billion affordable housing bond measure on the November 2024 ballot to benefit the nine-county Bay Area. This money would be used to build affordable homes and help keep existing housing affordable in every county.

A $20 billion bond could create 80,000 new affordable homes — over two times more than what would be possible without a bond. Please visit the Metropolitan Transportation Commission website for the most up to date details about BAHFA's programs and the BAHFA Business Plan.

The 3Ps Framework

BAHFA’s focus is rooted in the 3Ps framework. Specifically:

  • Protection for current residents to avoid displacement
  • Preservation of existing housing affordable to lower- and middle-income residents
  • Production of new housing at all income levels, especially affordable housing

The goal of this framework is to make sure housing is available for all Bay Area residents, no matter their income.

Collaborating Across Counties & Cities

Currently, the Bay Area’s nine counties and 101 cities and towns address most housing issues individually, and often with limited staff and financial resources.

BAHFA instead encourages coordination, regional thinking, and working together to tackle the housing crisis on a larger scale — because together, we can do more.

Governance

The BAHFA Board (which is comprised of the same members as the MTC Commission) and the ABAG Executive Board share governing responsibilities for BAHFA. In addition, a nine-member Advisory Committee provides consultation to BAHFA and the ABAG Executive Board to assist their decision-making.

Board Members

The BAHFA Board is comprised of the same membership as the MTC Commission.

BAHFA Oversight Committee

Learn more about the BAHFA Oversight Committee.

BAHFA Advisory Committee

As required by AB 1487, BAHFA’s nine-member Advisory Committee is comprised of members with expertise in affordable housing finance, production, preservation and/or tenant protections. See the list of Advisory Committee members on the MTC website.

Staff Contact

Kate Hartley, BAHFA Director
Phone: (415) 778-6679
Email: khartley@bayareametro.gov

Sign Up for the BAHFA Mailing List

Subscribe to receive email updates highlighting the work of BAHFA.

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.

Technical Assistance Portal

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