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 what experts refer to as “naturally occurring affordable housing,” given that they’ve historically been available at a price below market rate.
Why it matters: “Not doing anything about naturally occurring affordable housing is part of the reason the affordable housing crisis is getting worse – we’re losing more (homes) than we’re building,” said Matt Schwartz, CEO of the California Housing Partnership, who authored the report….