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May 17, 2022
The Biden administration is announcing an action plan Monday aimed at boosting the supply of affordable housing amid high inflation. Taken together, administration officials said, the actions announced will help close the affordable housing gap and “ease the burden of housing costs,” noting that housing prices are a key driver of inflation. Amie Fishman, executive director of the Non-Profit Housing Association of Northern California, said the president’s announcement are welcome news for the state and Bay Area. “Taking bold administrative…
May 16, 2022
Late last week, Governor Gavin Newsom released his May Revise to the 2022-2023 state budget proposal. While this new proposal includes additional investments for affordable housing and to address homelessness, it falls short of adequately addressing our state’s deep housing needs. These housing needs have remained unmet for too long and are negatively impacting the ability of everyday Californians to get by and thrive. Key Investments The Governor’s proposal added key housing investments to build more downtown-oriented and affordable housing…
May 10, 2022
2/3 of the Bay Area’s extremely low-income households are spending more than half of their earnings to pay rent, according to new data released today by the California Housing Partnership.