Silicon Valley has a diverse population and abundant opportunities, High-tech global hub. But beyond its brilliance, the region is also a microcosm and case study of “gap inequality” across the United States, says former Secretary of Housing and Urban Development Julian Castro.
Its position in the world is not only an important model that can make Silicon Valley an important economic hub for the country, but it is also an important model that can prepare people to fight similar problems now and in the future, for better or for worse.
In a keynote speech at Joint Venture Silicon Valley’s annual State of the Valley event on Wednesday, Castro said, “There are some nasty and difficult issues to address, such as inequality in education and lack of affordable housing opportunities. There is. ” “The point is, it’s important that you set up an example of a cosmos that, if you can do it right, and if you can tackle these challenges well, is powerful, dynamic, and driving other regions into action. is. .”
It may be a difficult order for the area By almost all means There are major inequality, including an increase in the homeless population and staggering home prices.According to, these inequality only increased during the pandemic Newly released report Joint Venture by Area Studies in Silicon Valley.
Russell Hancock, President and Chief Executive Officer of the joint venture, said: “In Silicon Valley, we lamented that the poor were getting poorer and the rich were getting richer. In the letter About the data. “Today, we must frankly admit that the pandemic has enriched the rich while the poor are dying.”
Former HUD Secretary of President Barack Obama and former Mayor of San Antonio, Castro said he was working on the most difficult issues such as affordable housing and transportation at the moment Silicon Valley was counted across the country. Provided advice.
He also said that the burden should not be solely on the shoulders of the city. Municipalities need more investment from the federal government in the form of tax credits, subsidies and other incentives to make it easier for developers to build more affordable homes, he said. ..
But Silicon Valley leaders can take action in the meantime, he said. Not all of his advice is novel, but some may affirm the idea that political and policy quirks throughout the Bay Area have been said for years. A coordinated regional approach is needed to solve deep-seated problems.
“We know that no city or county can act on its own to solve these problems,” Castro said. “For example, I’ve seen many times when it comes to affordable homes. The suburbs thought it was a big city job and tried as hard as they could to avoid building affordable homes.”
In Santa Clara County, small communities such as Los Altos and Cupertino have historically failed to meet the state’s mandated goal of building affordable homes. Instead, many of the small cities that make up the vast area have opted for a slow-growing approach that favors single-family homes over apartments.
These patterns, coupled with the massive employment growth in the region over the last decade, mean that almost every city in the region has more jobs than housing. San Jose, the largest city in the region, now has the opposite imbalance and has more homes than jobs.
According to Castro, one of the regional policy issues that cities can use to mitigate imbalances is zoning. He praised the vote of Berkeley Council members this week and embarked on the following process: Finish single-family zoning Expand multi-family homes in Eastbay.
San Jose city planners and the city’s general plan update committee are also exploring similar concepts: Opportunity housingThis may allow triplex and fourplex in some cities that are currently zoned to single-family homes only.
“Historically we know land use regulations, zoning and planning regulations, and the often-coming NIMBY principle (not my backyard), especially if the home is an affordable home, there is a backlash against the creation of a housing complex. “Castro said. “The myths surrounding misunderstandings, and sometimes prejudices and prejudices in some places, make too many policy makers good and hinder the creation of units.”
Ready or Not, Julián Castro Says Silicon Valley will be a National Model for Addressing Inequality Source link Ready or Not, Julián Castro Says Silicon Valley will be a National Model for Addressing Inequality