The Actual News

Just the Facts, from multiple news sources.

Almost nowhere in California is building enough, according to the state. Here’s why

Almost nowhere in California is building enough, according to the state. Here’s why

Summary

California requires cities and counties to build new homes to meet population growth and affordable housing needs. Most places in the state are not building enough homes, especially affordable ones, to meet the state’s goals.

Key Facts

  • California sets housing goals every eight years for cities and counties to build new homes at different affordability levels.
  • The state estimates about 2.5 million new homes are needed over eight years, or about 312,500 per year.
  • Less than one-third of cities and counties are building enough market-rate homes to meet their targets.
  • Only about 6% of local governments are on track to build housing affordable to very low-income residents.
  • Only five places in California are on pace to meet all income-level housing goals; most of these are small or rural areas.
  • For example, Irvine in Orange County has permitted over 6,000 market-rate units but only 9% of its very low-income housing target.
  • The gap between housing plans and actual construction has been a long-term issue in California.
  • The current state targets are lower than the original 3.5 million homes Governor Newsom proposed in 2017.
Read the Full Article

This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.

Save articles & personalize your feed — Create a free account