Affordability, homelessness among key issues in the region
SAN FRANCISCO and SANTA ANA, Calif., Feb. 28, 2025 (GLOBE NEWSWIRE) -- With intent on identifying practical solutions for the growing affordable housing and homelessness crisis in Orange County, U.S. Rep. Lou Correa, (CA-46) hosted a roundtable discussion with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today in Santa Ana, California. The roundtable brought together affordable housing leaders, community organizations, financial institutions and other stakeholders throughout the area to discuss how organizations and public-private partnerships could play a pivotal role to delivering solutions to address the housing crisis in the region.
“Homeownership is an essential part of the American Dream and represents a tangible pathway for middle-class families in our community build generational wealth,” said Rep. Lou Correa. “Too many families in Orange County struggle to afford housing and make ends meet, which is causing an increase in unhoused people. This roundtable brings together local housing partners that also seek to increase housing supply and make real progress in housing our communities.”
Rep. Correa has a history of leading on issues related to affordable housing and has secured millions in federal funding for local projects that support affordable housing development, advance homeownership for first time homebuyers and expand supportive housing options. By teaming up with FHLBank San Francisco and its members, he is working to find practical solutions to the local housing crisis.
We are proud to collaborate with Representative Correa, a long-standing leader with a clear understanding of how complexities surrounding the local housing and real estate market are impacting middle- and lower-income people and families," said Joe Amato, interim president and chief executive officer, and chief financial officer of FHLBank San Francisco. "We are partnering with community organizations, housing leaders and our member financial institutions to help turn ideas into action to create more affordable housing solutions."
Congressman Correa serves as Chair of the Congressional Real Estate Caucus, a bipartisan group focused on housing and real estate policy. He has been a strong advocate for increasing affordable housing options and addressing homelessness in California, supporting policies that expand federal housing assistance programs and streamline funding for local housing initiatives. He also worked on legislation to speed up disaster relief funds provided by the Federal Emergency Management Agency (FEMA), delivered millions of dollars in federal grant funding to his district to support neighborhood improvements and ensured sustainable access to water for his district amidst climate change.