While many Californians think that their state could solve the affordable housing crisis by just ramping up construction, others blame a lack of rent control, not enough funding for affordable homes and too strict environmental controls.
The partial federal government shutdown is impacting housing agencies responsible for financing affordable housing, clean drinking water and rural economies, according to the National Rural Housing Coalition (NRHC).
Like the rest of the country, Carson City, Nevada faces a housing affordability crisis. Rental and homeownership costs are simply out of reach for many.
California’s real estate market appears to be boxing both buyers and sellers into their current homes, and is also affecting home construction across the state. The state has reported a sharp decline in home sales, decreased inventory and escalating home prices
The number of lower-income tenants looking to secure low-cost rentals has increased by nearly 5 million households in the past 15 years nationwide, but the number of rental units has shrunk by nearly 2.5 million, according to a recently released study.