"This is a troubling trend, and one we anticipate continuing as demand outpaces availability," said Steve PonTell, President and Chief Executive Officer of National Community Renaissance, one of the nation's largest nonprofit developers of affordable housing.
"Statewide, we are 600,000 units short of meeting demand, meaning we would have to build 600,000 units just to break even.
In the current regulatory environment, that's not likely to happen."
The Feb. 5 summit is the third regional or national housing symposium hosted by National CORE
In addition to Kotkin, Dowling and PonTell, speakers and panelists include Tom Bannon, Chief Executive Officer of the California Apartment Association; David Bartlett, Vice President of Land Entitlement for Brookfield Residential Properties Inc.; Jim Perry, President of the Building Industry Association Baldy View Chapter; Joel Singer, Executive Vice President of the California Association of Realtors; Riverside County Supervisor John Benoit; San Bernardino County Supervisor Janice Rutherford; Fontana Mayor Acquanetta Warren; and Rick Bishop, Executive Director of the Western Riverside Council of Governments.