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Report: Federal spending fails to make California affordable

  • Billions of dollars in government spending over a decade have failed to keep homeownership affordable for millions of Americans.
  • California received $81.4 billion from HUD between 2015 and 2024 but remains one of the least affordable states to live in the U.S., according to Open the Books.
  • Home prices in California rose by more than 82% during 2015 to 2024, as stated by Neefus.
  • Open the Books reports that California's complex financing rules, high construction costs, and strict single-family zoning contribute to a shortage of affordable housing units.
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The PennThe Penn
+33 Reposted by 33 other sources
Center

Report: Federal spending fails to make California affordable

(The Center Square) - Billions of dollars of government spending over a decade have done nothing to stop homeownership from slipping out of reach for millions of Americans.

·Indiana, United States
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  • 55% of the sources are Center
55% Center

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Marietta Daily Journal broke the news in Georgia, United States on Tuesday, August 18, 2026.
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