Post Type
Community Anti-Displacement & Preservation Program
About the Campaign
Public Advocates, along with over 65 organizations across California, is fighting for a $500 million investment in a new acquisition and preservation program, known as the Community Anti-Displacement and Preservation Program (CAPP). CAPP would provide much-needed state funding to preserve “naturally occurring” (i.e. unsubsidized) affordable housing in California, taking those properties off the speculative market, and providing stability for thousands of renters, who are predominantly low-income people of color.
CAPP is an important investment that would provide the funding to purchase about 4,500 homes, preserving them as affordable housing for generations to come. Over the next 55 years, those properties could provide stable, affordable housing to 49,500 households. An analysis by the California Housing Partnership found that there are currently over 1.1 million unsubsidized affordable homes across California — but they are disappearing. The Bay Area alone lost 32,000 unsubsidized affordable homes per year between 2012 and 2017 as landlords sold their buildings to investor-owned real estate companies.
As we build a post-pandemic recovery and potential recession plan, our Governor and state leadership must take into account BIPOC and low-income communities, who are too often an afterthought. Local programs to purchase and preserve properties as permanently affordable housing have been popular and successful. State funding is needed to expand these programs and ensure that they are equitably distributed across the state.
Public Advocates continues this work alongside our community partners to ensure that state leaders prioritize this critical investment.
Resources
CAPP Coalition Budget Request (May 25, 2022)