By Elizabeth Zach, RCAC staff writer
In unveiling a new budget for California, the state’s newly inaugurated governor Gavin Newsom has emphasized $1.75 billion to address a severe affordable housing shortage.
Gov. Newsom, while campaigning, promised 3.5 million new units of housing for the state, calling it a “Marshall Plan for affordable housing,” in reference to the U.S. Government’s investment in post-WWII Europe.
The affordable housing funding is part of Newsom’s $7.7 billion set aside for all programs and agencies related to housing and homelessness. His plan is to encourage cities to meet housing goals set by the state.
To read more, go here: https://la.curbed.com/2019/1/10/18177505/newsom-california-housing-shortage-budget