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Half of California’s 6 million renter households are lower income, with more than 1 million extremely low-income renter households. Renters need to earn 2.8 times the state minimum wage to afford average asking rent in California, which increased by 11% since last year. Although California has more than doubled production of new affordable homes in the past 3 years, the State is only funding 16% of what it needs to meet its goals. View the announcement
California Housing Partnership
California housing affordability slides to lowest level in nearly 15 years in second-quarter 2022 as home prices set record highs and interest rates surge, C.A.R. reports
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California Housing Partnership
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California Housing Partnership
Regional Housing Needs Allocation (RHNA) California Department of Housing and Community Development
