Daily Bulletin: Reports: Funding cuts leave Inland Empire short 137,000 affordable rental units

Daily Bulletin: Reports: Funding cuts leave Inland Empire short 137,000 affordable rental units
May 16, 2018 Peter
Construction in June 2017 at the Park Place community being built in Ontario (File photo)

Affordable housing advocates are blaming the 6-year-old elimination of California redevelopment agencies and other reductions in government funding for a near-137,000 unit shortfall in affordable rental housing across Riverside and San Bernardino counties. Two groups, the California Housing Partnership and Southern California Association of Non Profit Housing, released reports Wednesday, May 16 that outline the authors’ contentions as to how diminished public sector support for affordable housing has affected the Inland Empire. The reports also suggest renters earning less than the median income in either county may be spending roughly two-thirds or more of their paychecks to keep a roof over their heads. Riverside County renters must earn at least $29.13 an hour, or about $5,000 a month, to afford a monthly rent of about $1,515. That amount is the median based on the authors’ survey of April postings on Craigslist.

 

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