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]

This animation summarizes the major steps county auditors take to distribute this money.
https://lao.ca.gov/Videos/Player?playlistId=96&videoId=144

Understanding Your Property Tax Bill - Calculating Your 1 Percent Tax [Video]

Understanding Your Property Tax Bill - Calculating Your 1 Percent Tax [Video] Search LAO Videos Understanding Your Property Tax Bill December 9, 2015 As a companion to LAO 's California Economy and Taxes blog series on property tax, these animations 1)  walk  through the basic steps of calculating a property owner ’s 1 percent  tax and 2)  summarize  the major steps county auditors take to distribute this money.
https://lao.ca.gov/Videos/Player?playlistId=96

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

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

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

Feb 20, 2019 - Given this, offering rewards to cities and counties in hopes of boosting housing production seems like a risky bet. If the Legislature were to allocate funding for rewards, it cannot be sure what effect, if any, such a program would have on home building.
https://lao.ca.gov/Publications/Report/3938

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

2018-19 Budget: Voting Equipment for Counties

Mar 16, 2018 - In order to receive bond monies, a county had to expend $1 of county funds to receive $3 of bond monies —a three-to-one ratio of state-to-county money. The proportion of the bond monies available to each county depended on a formula that took into account each county ’s number of eligible, registered, and participating voters and number of polling places.
https://lao.ca.gov/Publications/Report/3786

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

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