Addressing California's Housing Shortage: Lessons From San Mateo County

摘要

Californians are facing a critical housing shortage, particularly in affordable or workforce housing. The number of new homes falls significantly below present and predicted needs, and it is increasingly difficult for Californians to afford homeownership or even rental prices. California has the highest median home prices in the nation and is currently ranked as the least affordable state. Its homeownership rate is the fourth lowest nationally, with just 58 percent of residents owning homes.