Key findings from the California Housing Partnership’s annual Affordable Housing Needs Report include:
- Half of California’s six million renter households are lower income, with more than one million extremely low-income renter households.
- Renters need to earn 2.8 times the state minimum wage to afford average asking rent in California, which increased by 11 percent since last year.
- Although California has more than doubled production of new affordable homes in the past three years, the State is only funding 16 percent of what it needs to meet its goals.
- Only ten percent of renter resources from the State are permanent/ongoing compared to 99 percent of the support for homeowners.
