California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - To shed light on this issue, we next compare the statewide minimum wage to housing costs across California ’s 58 counties. Measuring Housing Affordability. To assess housing affordability for minimum-wage workers, we compare monthly earnings for full-time workers making the main minimum wage in each county to HUD ’s estimate of “fair market rent ” for housing in that county.
https://lao.ca.gov/Publications/Report/4878/3

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - We suspect that low-wage workers ’ high likelihood of living in three-earner (or more) households might be due largely to California ’s high housing costs. (We further examine housing affordability for minimum-wage workers in another post .)
https://lao.ca.gov/Publications/Report/4878/1

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Finally, we described how we matched household types to apartment types for the analysis of housing costs. Strengths and Weaknesses of Data Sources Primary Data Source: Monthly Current Population Surveys (CPS).
https://lao.ca.gov/Publications/Report/4878/4

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - Some of these programs support building of new affordably priced housing by providing direct financial assistance —typically tax credits, grants, or low-cost loans —to housing developers for the construction of new housing.
https://lao.ca.gov/Publications/Report/4038

The 2019-20 May Revision: Opportunity Zones [Publication Details]

May 11, 2019 - The Governor proposes to allow state tax benefits for investments in alternative energy or affordable housing in communities designated as Opportunity Zones under a new federal program.
https://lao.ca.gov/Publications/Detail/4038

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - In a higher inflationary environment, longer delays also can lead to higher housing development costs, further reducing housing production. In other examples, state departments have held positions open as a way of managing higher costs without additional spending authority.
https://lao.ca.gov/Publications/Report/4647

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - The program provides loans to developers for housing developments that include housing for low ‑ to middle ‑income households. Additionally, the budget proposes expanding the state ’s housing tax credit program by $ 500  m illion.
https://lao.ca.gov/Publications/Report/3916

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - A similar approach is used for other tax credit programs, such as the state ’s low ‑income housing tax credit. Spreading credit claiming over five years would achieve the same benefits as the Governor ’s proposal for partial refundability, but with less  complexity.
https://lao.ca.gov/Publications/Report/4713

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Of this amount, $ 300  m illion would be allocated to the state ’s low ‑income housing tax credit program, which provides funding to builders of low ‑income affordable housing. The remaining $ 200  m illion would target mixed ‑income projects.
https://lao.ca.gov/Publications/Report/4135

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - In budget summary documents, the administration proposed to allow similar state tax incentives for “green technology ” or “affordable housing ” investments in Opportunity Zones. The administration has not provided any details regarding this proposal.
https://lao.ca.gov/Publications/Report/3959