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Hidden in Big Beautiful Bill: A Surprise Boost to California’s Affordable Housing
The spending package could enable California to build up to 10,000 new low-income homes annually, doubling affordable housing production over the next decade, experts say.
- President Donald Trump signed a spending package on July 4 that increases Low-Income Housing Tax Credits and cuts Medicaid funding.
- The tax credit increase was folded into a broader, controversial bill that also imposes historic spending cuts to social services including Medicaid.
- Advocates say the package could double affordable housing production nationally and help California build thousands more low-income homes annually.
- Novogradac, an accounting firm, projects that policy adjustments could enable the development of approximately 1.22 million additional affordable rental homes across the country over the coming decade. This would translate to about 20,000 new units annually in California, though some experts suggest the actual number may be closer to 10,000 each year.
- While the increased funding signals a historic surge for affordable housing, the Medicaid cuts may cause 3.4 million Californians to lose coverage and potentially worsen poverty.
17 Articles
17 Articles
Trump’s spending bill includes surprise affordable housing boost
The One Big Beautiful Bill includes increased support for the Low-Income Housing Tax Credit for California's low-income projects. This content Hidden in Trump’s spending package: A surprise boost to California’s affordable housing appeared first on inewsource.
Press-Telegram
Hidden in Big Beautiful Bill: A surprise boost to California’s affordable housing
By Ben Christopher and Marisa Kendall | CalMatters California lawmakers are preparing for a historic surge in federal funding for affordable housing construction, a tsunami of subsidy that advocates say could as much as double the number of low-rent units produced by the state over the next decade. It comes from an unlikely source. Buried deep among the cuts to social services in President Donald Trump’s signature spending package, the One Big B…
Trump's spending bill boosts affordable housing funding - The Sacramento Observer
By Ben Christopher and Marisa Kendall | CalMatter California lawmakers are preparing for a historic surge in federal funding for affordable housing construction, a tsunami of subsidy that advocates say could as much as double the number of low-rent units produced by the state over the next decade. It comes from an unlikely source. Buried deep among the cuts to social services in President Donald Trump’s signature spending package, the One Big Be…
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