California Housing Partnership

Rent affordability remains out of reach for California's lowest income households. Our latest Who Can Afford to Rent Report shows 1.22 million?extremely low-income households?cannot afford average rents in *any* county?in California, while only 33% zip codes?are affordable to?low-income households. Read here for more. https://lnkd.in/gBXU8mJV

???Celebrating the Preservation of Affordable Housing in San Luis Obispo!??? The California Housing Partnership is?thrilled to announce?that the Housing Authority of San Luis Obispo (HASLO) has successfully preserved and?renovated?the Anderson Hotel, a?66-unit?historic?apartment building in SLO?that has served low-income seniors for decades.?HASLO overcame numerous challenges?thanks to help from?the California Housing Partnership, the National Housing Law Project, and local advocates. ? The Challenge:?With?an?expiring?lease?and a potential sale to market-rate developers threatening the continuation of?rental assistance?contracts, the Anderson Hotel faced conversion risks that could displace its elderly and disabled residents in a city with high rent and limited affordable options. ? The Solution:?The team was able to secure the property thanks to HASLO’s hard work, NHLP’s?legal advocacy,?the Partnership’s?strategic legislative support and?assistance in obtaining?a blend of federal and state funding?that resulted in?and extended affordability for decades to come. ? Congratulations to?HASLO for?making this vision a reality?and the residents of the Anderson Hotel!???? Read more about the effort here: https://lnkd.in/gCHZDb9H

Wondering how to talk about Proposition 5 to your friends and neighbors asking you for advice on how to vote November 5th? The new economic impact analysis we just published finds that for every $100M in new bonds that local communities issue using Prop 5 authority (similar to the authority that Prop 39 provided in 2000 to raise funds for school facilities), communities can expect the following benefits: ●?? 1,500 new affordable and moderately priced homes ●?? $14,000 in annual household savings due to lower rents ●??????$40,000 per unit reduction in cost to build housing ●??????13,440 new jobs (one-time and permanent) and ●??????$2.5 million in annual benefits from lower greenhouse gas emissions. If Proposition 5 increases local housing and public infrastructure bond issuances at just half the rate that Proposition 39 did for schools, over a 10-year period, we can expect something like the following cumulative benefits across the state: ●??????382,000 new affordable homes ●??????$5.3 billion in rent savings per year ? ●??????2.8 million to 7.6 million new one-time jobs in residential construction ●??????$218 billion to $325 billion in added labor income ●??????535,000 to 4.4 million permanent jobs ●??????$60 billion to $500 billion in new economic output ●??????$27 billion in?broadband expansion, water management, and public transit.?? Read more here: https://lnkd.in/gNHnK6Pf

*Now Available: Economic Analysis on the Benefits of Proposition 5* Economic & Planning Systems, Inc. helped us evaluate the benefits that would accrue to California communities if voters approve Prop 5 on November 5th. They found that for *every $100 million* of approved general obligation bonds, California communities could see at least: ?? 1,500 new affordable and moderately priced housing units ?? $14,000 in annual household savings due to lower rents ?? $40,000 per unit reduction in cost to build housing ????♀? 13,440 new jobs (one-time and permanent) ? $2.5 million in annual benefits from lower greenhouse gas emissions & vehicle miles traveled Read more here: https://lnkd.in/gt_AAQ2S Shoutout to our brief authors: Emma Jordan, Dan Rinzler, Matt Schwartz & Anthony V. ???

What’s on the California ballot this November? ?? Prop 5, which addresses affordable housing, critical infrastructure, and clean air and public transit in our communities. Learn more at YesOnProp5.org

???? Hi new followers! Happy to have you onboard! ???? For you and others who simply appreciate a refresher… we are who you lean on to get smart on all things affordable housing finance, policy, research and sustainability in California! ?? Visit our website, where you can: ?? See our latest insights (like Anthony V.'s recent piece on Prop 36 and its *actual* anticipated impact on homelessness) ?? Take a deep dive into the data quantifying the benefits of affordable housing AND the deep need for it across California's many regions. ?? Sign up for our mailing list to get our policy takes and announcements directly in your inbox! ?? Follow us on everything but X! (FB/IG/Threads: @cahousingpartnership) ?? Check out our most recent webinars and training content! (YouTube: @californiahousingpartnership)

The California Housing Partnership is proud to announce that Gov. Gavin Newsom signed two of our sponsored bills, AB 1053 and AB 2926, today in San Francisco. AB 1053 authorizes California Department of Housing & Community Development to make certain types of state funding available to housing providers during the construction period, thereby saving millions of dollars in interest charges. AB 2926 strengthens the State Preservation Notice Law and should dramatically reduce the loss of affordable rental homes in California. The Partnership thanks Assemblymembers Jesse Gabriel & Ash Kalra for their leadership in authoring these bills, the members of the Legislature who voted to approve them, our partners who helped advocate for them and the Governor for signing them.

Congratulations Michelle Espinosa Coulter and kudos to Southern California Association of NonProfit Housing (SCANPH) for honoring Michelle's hard work and advocacy on behalf of Angelenos as the Chair of the Measure ULA Citizens Oversight Committee! ??

Are you feeling that, too? The pace picking up? Yeah... ? Let's make sure we're connected for the action-packed season ahead. Keep up with all things affordable housing, research, sustainability and policy. ?? Join our mailing list today! https://lnkd.in/gkvMvE-p

Want to learn about how affordable housing can be built and preserved more sustainably? ? ? ? Register for our Electrification Training Series! Funders & program administrators will present on the capital, programs and support available for new construction & rehabs; and affordable housing developers will reflect on implementation through case studies. Join us starting Thursday, August 29th @ 11:30a Pacific. cc: Association for Energy Affordability, Inc. Power Forward Communities The Community Preservation Corporation East LA Community Corporation Wakeland Housing and Development Corporation https://conta.cc/3YJXhzU