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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
A new report estimates California could end homelessness by 2035 if it spent at least $8.1 billion every year on the problem, a daunting goal that points out the enormity of the challenge despite ramped-up efforts in recent years. The money should be used for building affordable apartments and housing with supportive counseling services, subsidizing rents and providing emergency shelter, Read More
As San Francisco struggles to figure out how to build enough affordable housing to help get homeless people off the streets, experts and officials have looked at different ways to build faster and cheaper. New data released Friday shows that at least one recent project, a South of Market supportive homeless complex, was completed 41% faster and 41% cheaper than Read More
The lack of affordable housing in Laguna Beach and beyond has reached a tipping point, creating a groundswell of interest in finding solutions. That was the good news at Monday’s public workshop, “Affordable Housing – A Home, A Heart,” at Neighborhood Congregational Church that drew about 40 attendees… … In California, it is $15 – still far from enough to afford Read More
When it came to homelessness and housing affordability this election, California voters sent a clear message to local governments Tuesday in more than 50 ballot measures: do more… …California renters need to earn nearly three times the state minimum wage to afford average rent prices, according to the nonprofit California Housing Partnership. The state ramped up housing production in recent Read More
Plans for the construction of 4507 Main Street housing community in South Los Angeles have been announced. The announcement was made by EAH Housing in partnership with St. Joseph Center… …Los Angeles County needs 568,000 more affordable housing units to meet the demand of its renters with the lowest incomes. This is according to the California Housing Partnership.
Gov. Gavin Newsom campaigned on housing production, an issue important to many Californians. But despite some accomplishments, the housing crisis is worse now than when he took office… …With the Legislature, Newsom has dedicated unprecedented dollars to affordable housing, including $10.3 billion in 2021. Funding the current affordable housing need alone, however, would require nearly $18 billion a year over a decade, Read More