324,000 Naturally-Occurring Affordable Homes Are At Risk 
California Has Lost 120,000 Affordable Homes Since 2020 
CALIFORNIA, March 23, 2023 -- Using a new, proprietary methodology, the California Housing Partnership is now able to identify unsubsidized naturally-occurring affordable housing (NOAH) properties that due to their age, location and other market factors, offer rents affordable to low-income households. This is the first statewide assessment of At-Risk NOAH that has been done to date. Notable findings include: 
Already Lost
  • 120,000+ homes are no longer affordable, largely concentrated in Southern California, the Bay Area, and Sacramento and Fresno counties

Now At-risk                            
  • 324,000+ homes are currently at risk of losing their affordability by mid-2024
  • 47 of 58 counties in CA have at least 100 at-risk homes
  • Highest numbers are in Southern California and the Bay Area
  • Los Angeles County has the highest number 85,350    
  • Nearly 37% of CA’s multifamily housing stock is currently at very high or high risk of losing their affordability by mid-2024
  • Of the most populous counties, Fresno (69.5%) and Kern (61.1%) have the highest percentages of at-risk affordable rental homes

Displacement from a NOAH property is particularly concerning from a fair housing perspective as 66.5% of lost NOAH are located in the High or Highest Resource areas compared to 43.7% of remaining NOAH. 

See coverage by CalMatters (scroll down to #3).
Want to hear more about this new report and its findings?
On Wednesday, April 26 at 2:00 p.m., join us for a virtual discussion with policy experts and nonprofit housing providers working in the trenches to ensure affordable homes are not lost as the need for them grows.
Learn more by visiting the Housing Needs Dashboard and State Policy sections of our website.
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 $30 billion in private and public financing to preserve and create more than 85,000 affordable homes. | chpc.net

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