The California Housing Partnership (the Partnership), in coordination with SCANPH, is excited to host a webinar discussing Clean Energy Resources for COVID-19 Response on Wednesday, June 3 at 10:30 AM. This webinar is designed to provide a high-level overview of major clean energy programs available in Southern California for your portfolio of existing multifamily affordable housing properties. The need to Read More
Yesterday, Governor Gavin Newsom released a revised state budget for California (May Revision). The California Housing Partnership is heartened to see that despite the state’s anticipated record budget deficit, the governor is standing by earlier commitments to continue funding $500 million in state Low-Income Housing Tax Credits in 2021. These state housing credits, first authorized last year thanks in large part to Read More
Last week, the Tax Credit Allocation Committee (TCAC) and the Department of Housing and Community Development (HCD) re-released the draft 2020 TCAC/HCD Opportunity Map for public comments, which are due at 5pm on Monday, May 18. Directions on how to submit comments are available on the California State Treasurer’s website. TCAC and HCD use this map to inform policies which aim to Read More
In an April 16th post from President & CEO Matt Schwartz, the California Housing Partnership made the case that while Congress, the Governor and the Legislature have taken important steps to address the needs of renters, there is a ticking financial time bomb represented by low-income households living in rent-restricted housing unsupported by rent subsidies, who have lost substantial income due to COVID-19 and Read More
The COVID-19 pandemic reveals how critical safe, stable, homes are to our communities’ ability to get and stay healthy. However, as rent collections fall, construction is delayed, and a bear market slows LIHTC investment opportunities, the affordable housing industry faces unprecedented challenges to the financial health of the affordable housing development sector. Join NPH and the California Housing Partnership on Read More
At a time when access to affordable homes was already extremely challenging (as described in this recent report by the California Housing Partnership), COVID-19 has devastated California’s low-income communities by taking away incomes and mobility and in some cases, health. The California Housing Partnership thanks Congress for the critical supports provided in the March 25th CARES Act and the Governor Read More
Much of my work at the California Housing Partnership focuses on analyzing the state of affordable rental housing in California and its impacts on individual residents and families, taxpayers, and local economies. Last month, these efforts culminated in our release of the 2020 California Affordable Housing Needs Report. One of the major data findings from this year’s report is the Read More
In the midst of the devastation wrought by the COVID-19 crisis and the need to focus on immediate responses, it is difficult but essential to recall what else is important to the future of our ability to continue creating high quality affordable homes. One of the most effective tools to our success in building affordable homes has been the Community Read More
Amidst today’s uncertainty surrounding COVID-19 and its implications for the daily lives of California’s lowest-income families, now more than ever we need our state leaders to strengthen our ability to house and protect low-income families, seniors, and individuals. We applaud Governor Newsom’s Executive Order protecting renters and ask the Legislature to move forward with longer term plans and resources. Read More