News & Housing Opportunities
Assembly Bill 1482 - Tenant Protection Act of 2019
Click here to read about the Permanent Local Housing Allocation (PLHA) grant.
- Affordable Housing Rental Resources & Referral
- Below-Market Rate Homeownership
- First-Time Homebuyer Loan Assistance
- Home Rehabilitation and Emergency Repair Assistance
What is affordable housing?
In the United States, the term affordable housing is used to describe housing, rental or owner-occupied, that costs at or below 30% of one's income. California has added approximately 820,000 new jobs while only building 63,500 new homes since 2011. As a result of supply not meeting demand, housing prices have risen to the point where many low and moderate income families and households cannot afford to rent or buy a home, leading to a housing affordability crisis.
Benefits of Affordable Housing
Communities thrive when people have safe and stable housing; when they live near their jobs, good schools, and amenities; and when families can build roots and meet diverse neighbors.
Supports Economic Vitality
Affordable homes can attract and retain employees to a community, a selling point and a competitive advantage for employers.
Affordable homes allow the local workforce to live close to their jobs. Shorter commutes allow workers to spend more time with their families while the community benefits from a reduction in traffic congestion, air pollution, and expenditures on roads. Affordable housing residents tend to own fewer cars and drive less often.
Ensures Diversity of Housing and Residents
A healthy mix of housing options, from market-rate and affordable rental housing, single-family homes, duplexes, as well as developments for seniors, ensures opportunities for all individuals to improve their economic situation and contribute to their communities.