The City is dedicated to finding housing affordability solutions through its various policies and programs. What is the City doing about housing affordability issues? Ensures Diversity of Housing and ResidentsĪ healthy mix of housing options, from market-rate and affordable rental housing, single-family homes, duplexes, as well as developments for seniors, ensures opportunities for all individuals to improve their economic situation and contribute to their communities. Affordable housing residents tend to own fewer cars and drive less often. Shorter commutes allow workers to spend more time with their families while the community benefits from a reduction in traffic congestion, air pollution, and expenditures on roads. /homes/mapqequal+opportunity+housing+downtown+la&filterstsource3a22realestate22+gscountr圓a22VVNB22+RealEstateMarket3a22en-us-en-ca22+subsegment3a22houses22+segment3a22generic. Reduces CongestionĪffordable homes allow the local workforce to live close to their jobs. Supports Economic VitalityĪffordable homes can attract and retain employees to a community, a selling point and a competitive advantage for employers. As a result of supply not meeting demand, housing prices have risen to the point where many low and moderate income families and households cannot afford to rent or buy a home, leading to a housing affordability crisis.Ĭommunities thrive when people have safe and stable housing when they live near their jobs, good schools, and amenities and when families can build roots and meet diverse neighbors. California has added approximately 820,000 new jobs while only building 63,500 new homes since 2011. In the United States, the term affordable housing is used to describe housing, rental or owner-occupied, that costs at or below 30% of one's income. Home Rehabilitation and Emergency Repair Assistance.Affordable Housing Rental Resources & Referral.
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