Housing

Presidential candidate Tom Steyer stopped in San Francisco to share is plan on how he plans to address the Bay Area's homeless crisis and housing shortage.

New report shows Bay Area rental market continues a steady climb, with Menlo Park leading the region with the average rent in that Peninsula city hitting $4,355 last month.

Report by real estate data firm PropertyShark found 40% of communities posted medians home sale prices of at least $1 million.

Some business owners in San Jose said they are frustrated with a growing number of RVs parked on Tully Road. One business owner said the RVs parked outside his shop is costing him money.

Call logs released to KTVU from the night of the Orinda Halloween-party shooting that left five people dead, confirm that the city's only two patrol officers were in Oakland at the time of the shooting. 

A Bay Area exodus, sparked by the high cost of living, is giving birth to an economic opportunity. In a small, shared office space in Downtown San Jose, the latest start-up takes flight Tuesday morning.

These days at San Francisco's Stonestown Galleria, shoppers co-exist with construction. Whole Foods is replacing Macy's. An 11-screen movie theater is also on the way as well as a Sports Basement.

The developments will provide a total of 176 units, ranging from studios to three-bedroom apartments.

Facebook built a multi-billion dollar business on the back of social networking. Now the Menlo Park tech giant is lending its financial broad shoulders to helping solve the California housing crisis. “It’s a continuum. It’s not new. It’s scaling what we’ve done in the past, where we saw benefits from our interventions,” said Menka Sethi, Facebook’s Location Strategy Director. She says the company began its foray into housing in 2016 to explore possible pitfalls. Now, Facebook is pledging $1 billion to construct 20,000 units of housing state-wide over the next decade. The tech giant says $250 million is designated for mixed-income housing on excess state land and $150 million for affordable housing. Another $225 million, this time in Menlo Park land, earmarked for affordable housing. And $25 million to build teacher and essential worker housing in San Mateo and Santa Clara Counties “If this is gonna be an effective deployment of capitol, it’s important this be true philanthropy and real money on the ground assistance and not another investment scheme,” said Prof. Kelly Snider, a regional and urban planning expert at San Jose State University. Housing and urban planning experts say over this decade, the Bay Area has created only one new unit of housing for every 10 new jobs. The result has pushed the price of housing skyward and forced many middle-class families to leave. Advocates say Facebook and other tech giants such as Google can make a dent in the problem with large donations, coupled with partnerships with community members to address the housing shortage. “This is critical. It means a range of income level people can stay in our communities.,” said Duane Bay, Executive Director of EPACANDO, an affordable housing organization. Added Sethi, “The urgency to step up now and solve the big problems, it felt real and we felt we could help, and so here we are.” There is $350 million being held in reserve for future commitments. The question now: How fast can the multiple municipalities act?

A big chunk of money spent in the Bay Area's three largest cities aimed at trying to tackle the homeless crisis doesn't actually trickle down to the people seen living on the streets. And 2 Investigates found, that's by design.

The fire was first reported at 9:41 p.m. No injuries were reported as of 11 p.m. Saturday, and firefighters remained on the scene.

Low-income transgender and gender non-conforming San Franciscans could be eligible for housing subsidies under a new city program, Mayor London Breed announced Thursday.

California is now the second U.S. state to cap rent increases statewide.

The long-awaited opening of a 90-unit affordable housing complex at Oakland's MacArthur BART station marks the first step in an effort to transform the station from a park-and-ride center to a planned housing and retail hub integrated into the surrounding community.

A rental listing in San Diego received some backlash from locals who say the rental illustrates how bad the cost of living has become in the city.