EPS provides rigorous analysis and insightful solutions to address complex challenges in real estate development, land use policy, and local government finance. We are motivated by the role our work can play in shaping places where people live and we strive to create high-quality urban environments that advance the principles of diversity, resiliency, and shared prosperity.
EPS offers a wealth of experience, robust technical expertise, and the ability to offer insightful solutions to address the challenges and opportunities of urban development.
EPS completed a comprehensive study on the potential economic impact of Proposition 5, a 2024 California ballot measure that would reduce the voter threshold required to approve General Obligation (GO) Bonds that fund affordable housing or public infrastructure. Commissioned by the California Housing Partnership, a state-created nonprofit housing organization, the EPS report evaluates the economic gains that communities could realize from additional funding for affordable/workforce housing and/or infrastructure investment. Among other things, EPS quantified the likely increase in housing, jobs, economic productivity, and output (e.g., local GDP) that would result from a hypothetical $100 million GO Bond (one a mid-size community might approve). Access the full report here.
For further information please contact Jason Moody at jmoody@epsys.com or 510-626-8452
In a landmark decision, the Salinas City Council adopted rent stabilization and tenant protection ordinances based on recommendations by Economic & Planning Systems (EPS). This 5-0 vote is a crucial step toward addressing the affordable housing crisis in Salinas, particularly for the Hispanic farmworker community that has been disproportionately affected by rising housing costs.
The city has been dealing with a dramatic imbalance between rent and income growth over the past decade. Rent prices have more than doubled compared to income growth, putting immense pressure on low-income communities. This analysis laid the groundwork for three pivotal ordinances that address rent stabilization, tenant protection, and just-cause eviction.
The journey wasn’t without its challenges. During a packed public hearing at Salinas City Hall, both supporters and opponents of the ordinance voiced their views, but the overwhelming support for tenant rights and protection carried the night. The city has been actively engaging with tens of thousands of residents since the program was first introduced in October of last year.
We are proud to have carefully struck a balance for the community that not only provides tenant protection for Salinas renters while ensuring that Salinas landlords are still able to achieve a reasonable return on their investments
The next final adoption occurred on September 24th. EPS is honored to have contributed to this important work, ensuring a more equitable future for Salinas residents.
EPS worked closely with city leaders to provide data and policy recommendations, which were critical in shaping the ordinances. Key contributors from our team, Kate, Tom, Emilio, and our new Associate Miles, played instrumental roles in the successful passage of this initiative.
Stay tuned for further updates as the process continues.
