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What is the biggest issue with affordable housing?
Demand for homes is higher than supply in nearly every community and every region of the country. The inadequate number of newly built starter homes and nonluxury rental units is particularly concerning and has a disproportionate impact on why costs are skyrocketing.
Who is Tomiquia Moss?
Tomiquia Moss was appointed by Governor Gavin Newsom to serve as the Secretary of the Business, Consumer Services and Housing Agency in November 2023 and was sworn in on February 13, 2024.
Will California housing get better?
Lower rates will push up demand, but housing supply will increase by as much or more as the mortgage rate lock-in effect eases, prompting more homeowners to list their property for sale, and more homes will be built. Already, housing completions in CA are further above year-ago levels than in the U.S. overall.
What is the income limit for affordable housing in CA?
Will I Qualify for Affordable Housing? Household SizeExtremely-Low Income, Not to Exceed:Very-Low Income, Not to Exceed: 1 person $33,150 $55,250 2 person $37,900 $63,100 3 person $42,650 $71,050 4 person $47,350 $78,9004 more rows
What is California doing about affordable housing?
The Department of General Services (DGS) and Department of Housing and Community Development (HCD) are launching the newly revamped Excess Sites Program, the first housing initiative nationwide to release all state land identified as suitable and available for affordable housing development.
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