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You may not have seen the headlines (there weren’t any). You may have missed the raucous debate (there wasn’t much of one). But with the end of the legislative session last week, California is now on the verge of laying down a welcome mat for most major affordable housing projects across the state. That’s not because of a single bill, but a Read More
As housing costs continue to rise across the country, affordable housing availability is more important than ever. But data show the affordable housing stock is insufficient to meet demand, so preserving existing affordable homes is increasingly important. Though affordable housing can exist in several forms, most are either subsidized affordable housing units financed by the local, state, or federal government or unsubsidized, “naturally occurring” affordable housing (NOAH). Read More
A recent California Housing Partnership report found that 69% of apartments in Fresno County are at risk of becoming unaffordable for people making lower incomes. It’s the highest risk of any county in the state. In a place like Fresno, where public housing or other forms of government-subsidized housing are uncommon, older, less maintained apartment buildings and mobile home parks often become Read More
In the exorbitantly expensive Bay Area, you can earn a six-figure salary and still be considered low-income. According to the latest state eligibility requirements for affordable housing, a resident of San Francisco or San Mateo County making up to $104,400 a year has a low income. In Santa Clara County, the cut-off is $96,000. And in Alameda and Contra Costa Read More
More than half of low-income Southern California tenants are paying more for rent than they can afford, the California Housing Partnership says. Even after a near doubling of housing funds, Southern California is still nearly 1 million homes short for low-income residents, new housing data shows. State and federal dollars for homebuilding and affordable housing preservation rose to $6 billion Read More
Experts have dubbed it “naturally-occurring affordable housing,” but you might know it better as “cheap apartments.” Whatever you call it, it’s increasingly endangered in California, according to a new report out today from the California Housing Partnership, a nonprofit that advocates for more affordable housing. In legislative circles, “Affordable housing” with a capital-A seems to get all the attention. Those are the Read More
The sudden and spectacular collapse of Silicon Valley Bank didn’t just hit venture-backed tech startups. It also dealt a blow to many of the Bay Area’s largest nonprofit housing developers, forcing construction delays and throwing into uncertainty at least a thousand desperately needed low-income units planned for the region…. …Across California, nine developers are in varying states over limbo over Read More
California is producing only a fraction of the affordable housing it needs, and the state spends far more money to support homeowners than it does to help renters, according to new data from the California Housing Partnership. The Partnership on Wednesday released an Affordable Housing Needs Report showing that California’s leaves few affordable options for tenants, who have seen the Read More
Amid a looming $22.5 billion deficit, California housing advocates expressed relief that Gov. Gavin Newsom is largely keeping funding for housing and homelessness programs intact in his 2023–24 budget plan. But, they said, it’s insufficient to meaningfully reduce homelessness across California… …In order to meaningfully reduce homelessness, Matt Schwartz, CEO of the California Housing Partnership, wants to see a dedicated funding Read More
California could eliminate homelessness by 2035 — if it’s willing to spend $8.1 billion a year for the next dozen years, according to a first-of-its kind report that highlights the yawning gap between what the state is contributing to the crisis and what it needs. At the rate they are going now, the state and federal governments are expected to Read More