Tag Archives: California Housing Partnership

Bay Area Housing Post-Pandemic: What’s in Store?

KQED article

Real estate experts around the Bay Area knew the region’s red-hot housing market was due for a cool down, but few expected the deep freeze brought on by the coronavirus pandemic. Matt Schwartz, president and CEO of the California Housing Partnership: “People who were previously not in need of assistance are now going to need it. People who previously needed some Read More

Work has started on affordable housing project in Stockton

Record article Liberty Square Stockton

STOCKTON — Work has started on renovating an existing vacant commercial building into affordable housing in downtown Stockton. Visionary Home Builders of California and its partners are building Liberty Square, a 74-unit rental housing complex for low-income families with a focus on veteran residents earning between 30% and 60% of area median income. 

Sonoma County’s construction sector makes cutbacks amid coronavirus pandemic

Press Democrat Article housing construction

Ten years ago, Michael Wolff started his Santa Rosa homebuilding firm during the throes of the Great Recession, which sent the construction sector into a spiral, wiping out half of the jobs in the industry statewide over two years. Wolff was able to navigate through that challenge by carving a niche for environmentally friendly projects at affordable prices. A subsequent building Read More

Affordable housing can cost $1 million in California. Coronavirus could make it worse

LA Times article Housing Costs

SOLANA BEACH, Calif. — When developer Ginger Hitzke first proposed an affordable housing complex on a parking lot in Solana Beach, she envisioned building 18 new homes for low-income families and adults at a cost of $414,000 per apartment. More than a decade later, her project has shrunk in size by nearly half and become more than twice as expensive. 4/9/2020: Twitter Read More

Coronavirus will make California’s affordable housing problems worse, experts say

LA Times article

California already faced a shortage of more than 1 million homes for low-income families before the novel coronavirus hit. And now many advocates, economists and politicians say the pandemic is only going to make the situation worse. Major job losses, particularly in low-wage restaurant and hospitality sectors, and what will probably be severely depressed tax revenues for California and its cities, Read More