Published 10 hours ago • loading... • Updated 2 hours ago

Report: Federal spending fails to make California affordable

Billions of dollars in federal spending over a decade have failed to keep homeownership affordable for millions across the U.S. including California.
California received $81.4 billion from the Department of Housing and Urban Development between 2015 and 2024 but remains one of the least affordable states to live in, according to Open the Books.
Home prices in California increased by more than 82% from 2015 to 2024, as reported by Neefus.
Improving affordability may require addressing local zoning restrictions, permit regulations, and federal spending, as recommended by Open the Books.

Insights by Ground AI

29 Articles

Lincoln Journal Star

Center

How Lincoln became the state’s hardest place to afford a home

Lancaster County’s stagnant wages and high prices have made its homes the least affordable in the state.

2 hours ago·Cherokee County, United States

Read Full Article

The Penn

+27 Reposted by 27 other sources

Center

Report: Federal spending fails to make California affordable

(The Center Square) - Billions of dollars of government spending over a decade have done nothing to stop homeownership from slipping out of reach for millions of Americans.

10 hours ago·Indiana, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year