New CHPC Reports Show Depth & Impact of Housing Shortfall in San Diego

SPECIAL REPORT

New Reports Show Depth and Impact of Housing Shortfall
in Five Southern California Counties

Today, the California Housing Partnership released the final installment of its 2017 Housing Needs Assessment series, describing the affordable housing crisis facing lower-income renters in five Southern California counties: Orange, Los Angeles, Riverside, San Bernardino and San Diego.

For more info, click HERE.

Key findings from San Diego include:

  • Cuts in federal and state funding, including elimination of State Redevelopment, have reduced investment in a ordable housing production and preservation in San Diego County by nearly $124 million annually since 2008, a 69% reduction.
  • Median rent in San Diego County has increased 36% since 2000 while median renter household income has increased only 4%, when adjusted for inflation.
  • Renters need to earn more than 3 times local minimum wage to afford the median asking rent of $1,940 in San Diego County.
  • San Diego County’s lowest-income renters spend 69% of income on rent, leaving little left for food, transportation, health expenses, and other needs.
  • When housing costs are considered, San Diego County’s poverty rate rises from 13.9% to 20.8%.
  • San Diego County needs 142,052 more affordable rental homes to meet the needs of its lowest-income renters.

Policy solutions recommended by the San Diego Housing Federation include:

  • Adopt local revenue sources to leverage state and federal resources to finance the construction and preservation of affordable homes, similar to those recently passed in other California jurisdictions.
  • Maximize the use of public lands for affordable housing and require affordable housing as a component of development on public lands located near transit.
  • Enact local programs to incentivize the development of affordable homes as a part of new development, including the City of San Diego’s Affordable Homes Density Bonus Program.
  • Fully implement inclusionary ordinances and related in-lieu fees, commercial linkage fees, and SRO replacement ordinances.
  • Make San Diego more competitive for state Cap-and-Trade funds by including affordable housing in all local TOD (transit-oriented development) policies, including Climate Action Plans and SANDAG’s Smart Growth Plan.
  • Identify local resources that can be matched with state No Place Like Home funds to create permanent supportive housing for individuals and families experiencing homelessness.