California is facing a housing affordability crisis.
Median rent for a 2-bedroom apartment in Los Angeles.
Median rent for a 2-bedroom apartment in San Francisco.
California’s housing affordability crisis is not simply one of supply and demand. There is no shortage of expensive, market-rate housing available and being built. But as market-driven development flourishes, housing that’s affordable for families, seniors, recent college graduates, and too many others has become more scarce. We are seeing gentrification and displacement crises unfolding throughout the state and across the nation.
Once stable communities with unique character and culture are being decimated by the increased cost of housing. Teachers, nurses, and grocery clerks are forced to commute far from their jobs just to live in an affordable apartment. The less fortunate are forced to sleep on couches, in cars, or on our streets.
We are in a state of crisis. It demands immediate, multi-pronged solutions that protect tenants, preserve existing affordable housing, and produce truly affordable housing.