Federal Reserve Bank of San Francisco

Affordable Housing

September 1, 2005

This publication continues the single-topic trend by looking at the issue of affordable housing in high cost areas. Our Environmental Assessments identified affordable housing as a top community development priority in much of the Federal Reserve’s 12th District, where many of the country’s most expensive and fastest growing real estate markets are creating acute community development challenges. As we seek solutions, we’ve asked ourselves what the drivers of the affordability crisis in high cost housing markets might be, and what roles various stakeholders should play in addressing the problem.

The views expressed are not necessarily those of the Federal Reserve Bank of San Francisco or the Federal Reserve System. Material herein may be reprinted or abstracted provided Community Investments is credited. Please provide our Community Development Department with a copy of any publication in which material is reprinted.