California Assembly committee members, this month, debated the Farm Worker Housing Act of 2019, allowing the legislation to advance to more legislative review.
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Opportunity zone funders look to help distressed small towns
Potential tax breaks are encouraging both corporate and private investors to raise tens of billions of dollars this year to invest in distressed rural areas. President Trump’s 2017 tax package includes these tax breaks for “opportunity zones,” which are designated areas around the country—and largely in rural America …
Affordable housing in California remains elusive
Although California lawmakers in 2017 passed several bills to ease housing construction across the state, affordable rental units remain out of reach for many low-income residents. In a new report by the California Housing Partnership, about two-thirds of the more than two million very low-income renters in the state spend more than half their income on rent.
HUD pushes for affordable housing in Opportunity Zones
The U.S. Department of Housing & Urban Development is encouraging developers to build affordable housing in the 8,700 federally designated Opportunity Zones.
Financial knowledge could help low-income renters in California buy their homes
Although most renters in California can’t afford to be homeowners, recent research illustrates that these renters could, in fact, buy a home if they had better financial knowledge. According to a study by the California Association of Realtors (C.A.R.), “A lack of financial literacy is one of the biggest barriers preventing renters from becoming homeowners.”