During a recent Santa Cruz City Planning meeting, significant concerns were raised about the local housing crisis, particularly regarding the effectiveness of current zoning policies. A speaker highlighted a study indicating that simply relaxing zoning regulations, often referred to as "up zoning," does not necessarily lead to an increase in affordable housing. This assertion is backed by global research suggesting that the housing market cannot be solely trusted to self-regulate through supply and demand.
The speaker pointed to the Taco Tower, a new development that has remained largely vacant, with 83% of its units unoccupied despite high rental prices. This situation underscores the disconnect between market rates and the needs of the community, particularly for essential workers like teachers who struggle to find affordable housing. The speaker emphasized the urgent need for local governments to confront the influence of corporate landlords and developers who are driving up rents.
Moreover, the speaker called for a reevaluation of housing governance, arguing against simplistic solutions that advocate for minimal regulation. Instead, they urged for more robust government involvement, including price regulation and the exploration of social housing options. The plea was made to consider the impact of housing decisions on vulnerable community members, including families and individuals with disabilities who could face displacement.
As the meeting progressed, the urgency of addressing these housing issues was palpable, with community members advocating for thoughtful deliberation before any decisions are made. The discussions reflect a growing recognition of the need for comprehensive strategies to ensure that all residents have access to affordable housing in Santa Cruz.