In the past few months, one of the challenges HAC has been working to address is financial feasibility. If you’re a Bay Area homebuilder, you know that since the pandemic, multifamily housing construction and feasibility haven’t exactly gone hand in hand. With recent hikes in interest rates, skyrocketing construction costs, and exorbitant impact fees, projects haven’t been able to receive financing because they simply don’t pencil out.

The past couple of years have been rough for public transit in the Bay Area. With the pandemic decimating ridership, transit agencies across the region have seen a severe decrease in the revenue they generate through fares. BART for example, which is heavily fare-dependent, saw its ridership drop by 90% to 95% during the pandemic. As a result, many of these agencies are on the brink of a potentially disastrous fiscal cliff.

Transit and housing are inextricably linked. However, in most of the United States, including the Bay Area, public transit cannot live up to its full potential due to a variety of policy decisions over the past half century that have eroded funding.

At a recent SFHAC Regulatory Committee Meeting, HAC member Fehr and Peers presented on the Evolution of Transportation Impact Studies. If you have any questions, reach out to Matt Goyne at m.goyne@fehrandpeers.com