One day before the deadline, the Bay Area Housing Finance Authority pulled a $20 billion affordable housing bond off Bay Area ballots amid fears that it wouldn’t pass.
When President Joe Biden attempted to slam the door shut on Democrats’ pleas for him to withdraw, it was former House Speaker Nancy Pelosi who subtly, but very publicly nudged the door back open.
A newly created regional housing finance authority for the entire San Francisco Bay Area will send a bond of up to $20 billion to the ballot. But the fate of its statewide counterpart looks bleak.
The California Association of Realtors agrees not to oppose a constitutional amendment to reduce the voter approval threshold for housing bonds. In exchange, the measure will not apply to single-family homes. Some housing advocates are angry about the carve-out.
More than 100 developers backing 240 projects with approximately 20,000 proposed affordable housing units applied to the state's Housing and Community Development Department for more than $3.5 billion, but the state only has $576 million to award.
Why did the homelessness crisis become more dire in 2023, even as the Legislature passed more affordable housing laws? Home prices and rents are still increasing.
The state program has sent more than $4.7 billion to nearly 370,000 lower-income households, but a sizable, unlucky minority of applicants — tenants and landlords alike — have had to wait.
The California Public Utilities Commission is considering a rule that would gut the payments that solar panels on apartment buildings receive. Why are so many housing groups mad about it?
Insurance Commissioner Ricardo Lara unveiled a plan to shore up the California insurance market for homeowners, in which insurers would return to wildfire zones, but would have an easier path to rate increases.