Friday, January 12, 2024



California's Experts on Affordable

Housing Finance, Advocacy & Policy


Advocates Criticize Governor's Proposal to Cut Affordable Housing Money in State Budget

A united coalition of affordable housing, homelessness, and housing justice leaders report that the Governor’s budget, released yesterday, includes stark cuts to housing programs that will negatively impact tens of thousands of California families and have rippling impacts on the state’s economic, public health, and social outcomes. We are relieved the Governor’s proposal retains funding for homeless programs, such as the Homeless Housing Assistance Program, but are concerned that the proposed budget halts progress at a time when Californians are grappling with alarming housing cost burdens, widespread housing instability, and an urgent need to solve homelessness.  


“The proposed cuts to critical programs that provide affordable homes for low-income families and those experiencing homelessness are short-sighted because they will end up costing California more in the long run,” said Matt Schwartz, CEO, California Housing Partnership. “Yesterday’s proposal underscores how important it is that the Legislature pass Assemblymember Buffy Wick’s proposed new state housing bond (AB 1657) and send it to the voters for final approval in November and get to work on creating a permanent source of ongoing funding for affordable housing and homelessness solutions.”

 

The full coalition budget statement can be found here.

To learn more about the policy recommendations contained in this letter, contact Mark Stivers (mstivers@chpc.net), Director of Legislative and Regulatory Advocacy at the California Housing Partnership.

About the California Housing Partnership

The California Housing Partnership creates and preserves affordable and sustainable homes for Californians with low incomes by providing expert financial and policy solutions to nonprofit and public partners. Since 1988, the Partnership's on-the-ground technical assistance, applied research, and legislative leadership has leveraged $34 billion in private and public financing to preserve and create more than 90,000 affordable homes. | chpc.net


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