California's Affordable Homes At Risk

The California Housing Partnership has released two new reports showing that unless state and local governments take coordinated action, tens of thousands of low-income seniors, families, and other individuals are at risk of losing their currently affordable homes. Specifically, our research finds that: 

• 6,800 subsidized affordable rental homes may no longer be affordable as soon as next year due to the loss of federal, state and local protections.

• 18,056 previously affordable homes have been lost in California since 2000 through conversion to market rate housing or expiring regulatory restrictions.

• Nearly 48,000 could lose their affordability within 10 years if nothing is done.

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Subsidized Affordable Homes At Risk

• Rents charged for 189,000+ homes concentrated in Southern California, the Bay Area, and Sacramento and Fresno counties are no longer affordable.

• 39,738 homes are at immediate risk of losing their affordable rents, while up to 333,819 are at risk of losing their affordable rents in the near future.

• 49% of lost unsubsidized affordable rental homes were located in resource-rich areas that are hardest to replace.

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Unsubsidized Affordable Homes At Risk

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 $37 billion in private and public financing to preserve and create more than 96,000 affordable homes. 

Visit us at www.chpc.net.

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