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Governor’s May Revise Emphasizes Need for Urgent Advocacy Now to Restore Affordable Housing Investments
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Governor’s May Revise Emphasizes Need for Urgent Advocacy Now to Restore Affordable Housing Investments
On May 14, Governor Newsom released his May Revise to the 2025-26 state budget, announcing a $12B deficit and offering a dire updated proposal with no funding for the major state housing programs. Our takeaway is four key points on what this updated proposal means for our collective work ahead as the affordable housing industry: 1. The state’s financial outlook has greatly worsened since the Governor’s January proposal. While the administration …
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