CAP-AND-TRADE 2014 AND BEYOND!

SDHF Conference: October 15, 2014Moderator: Megan Kirkeby, California Housing PartnershipPanelists: Susan Riggs, Business Consumer Services and HousingColeen Clementson, San Diego Association of Governments (SANDAG)Stuart Cohen, Transform

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2014-2015 Greenhouse Gas Reduction Fund

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Ongoing GGRF Spending

High Speed Rail; 25%

Transit Capital; 5%

Transit Operations; 5%

Intercity Rail; 5%

Affordable Housing and Sustain-able Communities (at least half for

Affordable Housing); 20%

Low Carbon Trans., Weatherization, Ag

Efficiency, EE for Public Buildings, Water Efficiency,

Sustainable Forests, Urban Forestry,

Waste Diversion; 40%

SB 535: BACKGROUND AND NEXT STEPS

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Beyond Reducing GHGs: Serving Disadvantaged

Communities• ALL Cap-and-Trade investments must meet the Sinclair Nexus

Test by reducing GHG emissions; but that is not sufficient.• SB 535 requires that 25 percent of auction proceeds be

invested in ways that benefit disadvantaged communities and at least 10 percent be invested within those communities. • SB 862 further requires 50 percent of the AHSC funds must

benefit “Disadvantaged Communities. “ • What are “Disadvantaged Communities”?

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What are Disadvantaged Communities?

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City of San Diego

San Diego, Imperial, San Bernardino

NEXT STEPS: THE RESEARCH CONTINUES

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Three Place Types

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Job Density Findings• For each place type, job density is a strong,

statistically significant predictor of VMT reduction.

• Average Rural and Large Metro Households at 80th percentile of job density drive about 6 miles less per day than the same household at the 20th percentile.

• The reduction is 7 miles per day in Small Cities.

QUESTIONS?