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, according to a recent estimate from Housing California and California Housing Partnership. And there is no long-term source of funding for housing in California. As budget projections for next year sour, affordable housing advocates worry those funds might dry up.