US EditionCalifornia Has 40,000 Affordable Housing Units Ready to Break Ground. One Setback Is Holding Them Up
Nearly 40,000 affordable housing units in California face delays due to stalled financing, with each additional funding source adding four months and $20,460 per unit, Terner Center analysis shows.
- This year, Enterprise Community Partners found 39,880 affordable homes stalled in 461 shovel-ready developments across California, many waiting one or two years for final funding.
- Developers say a typical affordable development requires multiple public funding sources, with some projects needing six or more, causing sequencing delays in federal and state programs.
- Terner Center analysis shows clearing the backlog would require an extra $10 billion, with delays adding $20,460 per unit, in California costs can be two to four times higher.
- A proposed cabinet-level housing agency and a $10 billion affordable housing bond for 2026 are under consideration, as California lawmakers weigh policy and budget options to unlock the pipeline.
- If financed, the stalled projects could benefit 432 low-income households, as state regulators ordered local governments to plan for more housing by the decade's end.
15 Articles
15 Articles
Associated Press News
California has 40,000 affordable housing units ready to break ground. One setback is holding them up
The apartment building planned on East Morris Avenue in Modesto is exactly the kind of thing that California’s political leaders want to see a whole lot more of: The project promises 44 units of affordable housing — half reserved for people without homes.
California has 40,000 affordable housing units ready to break ground. One setback is holding them up - The Morning Sun
The apartment building planned on East Morris Avenue in Modesto is exactly the kind of thing that California’s political leaders want to see a whole lot more of: The project promises 44 units of affordable housing — half reserved for people without homes. It’s received zoning approval, weathered public feedback, earned the support of local elected officials and sits beside a busy bus line. Once built, the project promises on-site mental health s…
California has 40,000 affordable housing units ready to break ground. One bottleneck is holding them up
This story was originally published by CalMatters. Sign up for its newsletters. The apartment building planned on East Morris Avenue in Modesto is exactly the kind of thing that California’s political leaders want to see a whole lot more of: The project promises 44 units of affordable housing — half reserved for people without homes. It’s received zoning approval, weathered public feedback, earned the support of local elected officials and sits …
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