This report, from the non-profit California Housing Partnership Corporation, found that Santa Cruz County is in need of nearly 12,000 new affordable rental homes to meet demand.
Additionally, when factoring in the high housing costs of Santa Cruz County, the poverty rate in our community rises to 24.8%.
SANTA CRUZ >> Santa Cruz County is in need of nearly 12,000 new affordable rental homes to meet demand, according to a report released Tuesday by the nonprofit California Housing Partnership.
The figure represents the number of homes it would take to house the county’s lowest-income families without forcing them to spend more than 30 percent of their household income on rent — a federally recognized definition for affordability.
At present, roughly 7,500 of the 19,000 lowest-income families in Santa Cruz County are housed in affordable homes, according to the report.
“I think that it both underscored what we already knew and it underscored that we were already underway to put big solutions before the community this November — and that, I think is the critical takeaway,” said Amie Fishman, executive director of the Non-profit Housing Association of Northern California, which partnered to produce the report.
Read the full article from the Santa Cruz Sentinel here.