HOW TO ADDRESS CALIFORNIA’S HOUSING AFFORDABILITY CRISIS
Source: Intersections
State Treasurer John Chiang has penned an article calling for more housing supply in California to address the state’s affordability problem. He notes that “California is short 1.5 million affordable homes for families struggling to make ends meet, and the hole is growing bigger each year.” He added, “As our state’s chief investment officer, I see the cost of our neglect of housing needs from an economic lens as well as a human one. The credit rating agencies that influence the cost of borrowing for infrastructure projects and schools say the cost of housing is hurting businesses, and our CEOs say a lack of workforce housing is the reason companies like Toyota are moving jobs out of state.” He urges the state to start building.
Source: Intersections
State Treasurer John Chiang has penned an article calling for more housing supply in California to address the state’s affordability problem. He notes that “California is short 1.5 million affordable homes for families struggling to make ends meet, and the hole is growing bigger each year.” He added, “As our state’s chief investment officer, I see the cost of our neglect of housing needs from an economic lens as well as a human one. The credit rating agencies that influence the cost of borrowing for infrastructure projects and schools say the cost of housing is hurting businesses, and our CEOs say a lack of workforce housing is the reason companies like Toyota are moving jobs out of state.” He urges the state to start building.
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