SacBee: Lawmakers Warn that Trump Budget Cuts Will Deepen California Affordable Housing Crisis

SacBee: Lawmakers Warn that Trump Budget Cuts Will Deepen California Affordable Housing Crisis
March 17, 2017 Peter

The Arbor Creek Apartments affordable housing development in Elk Grove on July 18, 2013.The average rent in California is now more than double the national average – and as high as $4,500 per month in San Francisco. But a solution for this crisis continues to elude Gov. Jerry Brown and the Legislature, with negotiations last year falling apart over proposed rules to speed up the land-use approval process for new construction.

Lawmakers have pledged again this session to make housing a priority; bills to create more funding for affordable projects by placing a fee on real estate transactions and eliminating a state tax deduction for vacation homes are moving through the process. Brown, however, has been skeptical of that approach, and his January budget proposal left out the $400 million in affordable-housing money that had been part of last year’s unsuccessful talks.

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