Social housing may solve affordability woes, but can Silicon Valley find the funding for it?

A LOCAL ASSEMBLYMAN’S goal of establishing social housing in California is one signature away from fruition, but lingering questions remain about how these projects will be funded.

Assembly Bill 309 author Assemblymember Alex Lee said social housing — a method where governments own, manage and maintain homes designed as affordable housing — will help alleviate California’s housing crunch. But supporters and critics alike question how AB 309 will succeed without deep government investment.