Rents may be falling, but the Bay Area is still unaffordable and has for years fallen short of its housing construction goals. The construction shortfall is particularly pronounced in subsidized housing. While the pandemic is changing the way people work and socialize and has resulted in economic downturn, acquiring land and building remain expensive. Sarah Karlinsky, senior advisor at the San Francisco Bay Area Planning and Urban Research Association, a public policy think tank better known as SPUR, has published a report indicating that Bay Area municipalities should be constructing 45,000 units of housing per year.
