Each year, thousands of California’s low-income renters are displaced from apartments that were previously affordable to them due to expiring regulatory agreements on government-subsidized affordable homes or conversions of older properties into market-rate rentals that price out lower income residents. This panel will highlight the California Housing Partnership’s latest statewide and county-level analysis of data on at-risk affordable homes in the Bay Area and those that have already been lost, discussing the risk, loss and preservation of traditional, deed-restricted as well as unsubsidized properties.
It is an increasingly high priority to preserve these affordable homes in perpetuity given the resource constraints and complexities in developing new properties, and the physical and mental toll thrust upon families, seniors, and other low-income individuals who are forced to uproot and relocate.
Nonprofit housing providers working in the trenches to preserve these homes will discuss the obstacles they are facing in this work, and local policy leads will describe the proposals currently under development in Sacramento. Participants will have a chance to add their comments and questions to the discussion.