OCBC, So Cal Leaders Discuss Housing and Transportation at Mobility 21 Summit
More than 1,000 business, transportation and elected leaders converged on the JW Marriott at L.A. Live on October 29 for the 12th annual Mobility 21 Southern California Transportation Summit. The conference, which is the largest one-day transportation event in the state, focused on bringing leaders from a broad spectrum of backgrounds together to address the challenges and opportunities facing Southern California’s infrastructure. OCBC President and CEO Lucy Dunn moderated the panel, “The Long Road Home: Connecting Housing and Transportation Planning.” During the session, panelists discussed the importance of linking housing and transportation planning and the hurdles still needed to overcome. The difficulty in connecting housing and transportation planning is that there are different cultures with varying outcome goals, such as affordability, market and preservation. The passage of SB 375, Sustainable and Climate Protection Act of 2008, is a step in the right direction.
However, with the dissolution of the redevelopment agencies and the great recession there is large gap in funding, making it difficult to adopt sustainable communities strategies under SB 375. In addition, the improvement in the economy is actually driving up the market rates, making it more costly and more prohibitive to build housing affordable to the workforce. Housing supply continues to be dramatically lower than demand, and the issue is further complicated by the lack of zoned property to accommodate infrastructure development. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.