The 2022 Statewide Housing Plan finds that California needs to construct more than one million new homes affordable to lower-income families by 2030 to meet the need. While this may sound like an expensive proposition in today’s high construction cost environment, the reality is that each state dollar invested in producing affordable rental housing leverages private, federal, and local funding at a ratio Read More
As California’s housing crisis has deepened in recent years, more and more families have been affected, leading some state and local leaders to consider investing scarce resources to help the households earning at (or even above) the area median income (AMI). But what does the data show concerning the ability of households at each income level to afford market rents Read More
This year’s state budget authorized $2.9 billion to fund new and existing housing programs and $3.4 billion to assist individuals experiencing homelessness. While these investments are substantial, this allocation is not to scale for California’s growing 1.2 million housing-cost-burdened population. According to the Roadmap Home 2030, California needs to invest $17.9 billion a year to have the capacity to create Read More
HOUSING PROVISIONS Budget investments toward preserving/ protecting/ producing sustainable, affordable housing include: $500 million in enhanced state Low-Income Housing Tax Credits (LIHTC) $400 million for Homekey $250 million for the CalHome program $250 million for the California Housing Accelerator (CHA) Program $200 million for the Infill infrastructure Grant (IIG) Program of 2019 $150 million for Adaptive Reuse $145 million for Read More
For Immediate Release: June 10, 2022 Contact: chpc.net/contact SACRAMENTO, CA – Last week, the California State Legislature released its Fiscal Year (FY) 2022–23 legislative budget agreement, in response to Governor Newsom’s budget proposal. Ahead of today’s deadline for passage of the state budget bill, PolicyLink, Enterprise Community Partners, Housing California, Public Advocates, California Housing Partnership, California Community Land Trust Network, Read More
A recent study completed by a team of graduate student researchers at the Goldman School of Public Policy raises major doubts about statewide efforts to reduce rent for middle income renters under current middle-income housing programs and raises new equity concerns. California’s middle income housing program has grown substantially in the last three years and currently includes over 12,000 units. Read More
PRESS RELEASE Enterprise found that without additional funding, 46% of affordable homes in the state’s pipeline will be stalled due to a lack of federal resources SAN FRANCISCO (May 24, 2022) – A new analysis of California’s affordable housing pipeline from housing nonprofit Enterprise Community Partners (Enterprise) found that with an investment of just 4 percent of the state’s nearly Read More
Announcing new updates to the Partnership’s online Housing Needs Dashboard data tool (chpc.net/housingneeds) and new housing need reports for all 58 California counties During #AffordableHousingMonth this year, the California Housing Partnership has newly released Affordable Housing Need Reports for all California counties. These reports track the progress of local, regional and state leaders’ initiatives to alleviate the housing instability Read More
By the California Housing Partnership The California Housing Partnership recently analyzed data from the first three years of program awards of CalHFA’s Mixed Income Program (MIP) to assess its impact to date and compare it with other longstanding affordable housing finance programs on such factors as development type and location, levels of affordability, and costs. MIP was created by Read More
FOR IMMEDIATE RELEASE Friday, March 25, 2022 CONTACT: Erin Ivie, Communications Director erin.ivie@asm.ca.gov / 510-619-8495 Asm. Wicks Introduces Housing Opportunities for Everyone (HOPE) Act ACA 14 would establish dedicated, long-term funding for solutions to housing and homelessness crisis SACRAMENTO — On Friday, Assemblymember Buffy Wicks introduced the Housing Opportunities for Everyone (HOPE) Act, a constitutional amendment establishing a Read More