According to UC Berkeley’s Institute of Government Studies and the Los Angeles Times’ April 2022 poll, fifty-six percent (56%) of registered voters “support the state continuing to build the high-speed rail project.” This week the California High-Speed Rail Authority (Authority) Board of Directors has the opportunity to listen to voters – invest in affordable housing, make a significant dent in greenhouse gas emissions, and continue California’s legacy as an innovation hub for the world. Approval of the San Jose to Merced environmental documents brings the state closer than ever to giving Californians what they want: electrified high-speed rail that alleviates congestion, avoids high gas prices, and addresses the climate crisis.
California’s housing affordability crunch ranks at the top of all serious public policy and business competitiveness agendas. The state’s median home price set a new record in March 2022 at $849,080, which is out of reach for most—only 25% of Californians can afford a median priced home, compared to 50% nationally. Here in Silicon Valley, the median home price in Santa Clara County was a whopping $1.6 million in March 2022, up nearly 20% from the previous year, according to Redfin.
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