For Immediate Release: June 15, 2023The California Housing Partnership annually assesses the needs of California’s low-income renters for the purpose of informing state and local policy leaders. Key findings from this year’s California Affordable Housing Needs Report:
- California spends twice as much supporting homeowners than renters and only 17% of renter resources are permanent compared to 97% of the support for homeowners.
- Black renter households are 41% more severely cost burdened than white renter households.
- Although California has more than tripled production of new affordable homes in the past four years, the State is only funding 20% of what it needs to meet its goals.