Matt Schwartz, president and CEO of the California Housing Partnership, estimates that the 12.5 percent increase to the Housing Credit, along with the funding increases for affordable housing included in the federal government’s recent omnibus spending package, could generate around $250 million annually for affordable housing in California. The expansion will result in more homes for low-income households in California – vital for a state in the midst of an affordable housing and homelessness crisis. Schwartz notes that, while this is an important start, more resources are needed to address the reduced production of affordable housing resulting from last year’s tax reform bill.
California Anticipates $250 Million Annual Increase for Affordable Housing
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing