For months, U.S. economists have been warning that a recession is looming, and some are saying we may already be in one. But this potential downturn could be put to a positive use — if California gets ready to leverage an economic slump to build the affordable housing the state desperately needs…
…To keep pace with demand, the state will need to build about 120,000 more affordable housing units a year by 2030, according to a 2021 report by the California Housing Partnership. Initiating construction on a large scale also provides a host of economic benefits, including creating jobs in fields that include architecture, building trades and manufacturing.