Housing and Homelessness Funding Impacting Children

Mar 25, 2019 - Lends money for construction of rental housing projects with units restricted for at least 55 years to households earning less than 60  percent of area median income. Multifamily Housing Program. Provides low ‑interest, long ‑term deferred ‑payment permanent loans for new construction, rehabilitation, and preservation of permanent and transitional rental housing for lower ‑income households.
https://lao.ca.gov/Publications/Report/3985

Understanding Your Property Tax Bill - The 1 Percent Tax—Where Does Your Money Go? [Video]

tagId=75 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The 1 Percent Tax—Where Does Your Money Go? December 9, 2015 State law directs how your county auditor distributes revenue from the 1 percent tax to: Local Governments in Your County.
https://lao.ca.gov/Videos/Player?playlistId=96&videoId=144

How Has COVID-19 Affected Renters and Homeowners?

Jan 19, 2021 - As shown in Figure  1 , nearly 80  p ercent of households with less than $50, 000 i n annual earnings rent, whereas only 28  p ercent of households with more than $150, 000 i n annual earnings rent. As shown in Figure  2 , more than half of workers who have lost their jobs are members of lower ‑income households (less than $50, 000 i n annual earnings).
https://lao.ca.gov/Publications/Report/4312

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - In addition, investors that maintain their investment for at least ten years will not be taxed on any capital gains earned on their Opportunity Zone investment. Various Government Programs Help Californians Afford Housing.
https://lao.ca.gov/Publications/Report/4038

The 2019-20 Budget: What Can Be Done to Improve Local Planning for Housing?

Feb 20, 2019 - To carry out this task, HCD historically has received funding in the millions of dollars per year. In contrast, local planning departments receive over $ 1  b illion per year in funding from local sources.
https://lao.ca.gov/Publications/Report/3938

Perspectives on Helping Low-Income Californians Afford Housing

Feb 9, 2016 - Currently, about 3.3 million low –income households (who earn 80  percent or less of the median income where they live) rent housing in California, including 2.3  million very –low –income households (who earn 50 percent or less of the median income where they live).
https://lao.ca.gov/Publications/Report/3345

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - Similarly, rural communities that are at greater risk of experiencing water shortages due to droughts tend to be home to large proportions of households with residents of color and who earn lower incomes.
https://lao.ca.gov/Publications/Report/4575

An Initial Look at Effects of the COVID-19 Pandemic on Local Government Fiscal Condition

May 12, 2021 - The allocation of this past funding was designed to get money to cities and counties as fast as possible largely by using readily available metrics, such as a jurisdiction ’s population and other commonly used allocation formulas, to determine the level of funding allocated to each jurisdiction.
https://lao.ca.gov/Publications/Report/4428

The 2025-26 Budget: Oversight of Encampment Resolution Funding

Mar 5, 2025 - State Has Dedicated Tens of Billions of Dollars for Housing and Homelessness in Recent Years. Housing and homelessness are closely interrelated issues. Lack of enough affordable housing for low-income households is a major reason why many people fall into homelessness.
https://lao.ca.gov/Publications/Report/5007

Climate Change Impacts Across California - Housing

Apr 5, 2022 - There may be certain targeted areas where providing some financial support for these activities has merit, such as providing “seed money ” to help spur local adaptation project planning efforts. (As discussed above, the 2021 ‑22 budget package included funding through both HCD and OPR for regional planning activities.)
https://lao.ca.gov/Publications/Report/4584