You will learn how:

• The state determines housing needs (RHNA) by using“Projected” and “Existing” Need.
• The Dept. of Finance provides“Projected” need based on population projections, including birth, deaths, and migration rates.
• The Housing and Community Development (HCD) Department sets “Existing” need based on measures without standardized definition or measurement such as vacancy rates, overcrowding, and cost-burdening.
• The combined “Projected”and “Existing” needs fail to meet the need for affordable housing!
• The RHNA process has been captured by special interests and the public has been shut out.

Marc Verville, a Santa Monica native and former VP of finance and business at the Walt Disney Company and Warner Brothers Entertainment, is challenging the state’s housing narrative.  He reveals the shortcomings of the fundamental premises of the state’s claim “we have a housing crisis.”  The crisis is not supply, but affordability. Verville, relying on his background in financial projections, modeling, charting, and analysis, presents evidence of the false narrative.

Marc Verville exposes the RHNA (Regional Housing Need Allocation) as a special interest policy that is unrelated to solving the problem of housing affordability. It benefits investor profits at the expense of sound planning, community safety, and financial health. The situation calls on informed constituents to take action.