California is losing population and building new houses. When will home prices come down?May 15, 2023When will the law of supply and demand cool California’s housing market? The state is losing population as it builds homes at its fastest clip in more than a decade.
California’s homeownership rate falls again — with the sharpest drop among younger adultsMay 15, 2023 | Chris NicholsA new research paper found homeownership fell 10 percentage points among Californians aged 35 to 45, to less than 40%.
State GovernmentNewsom administration sues Elk Grove for denying affordable housing projectMay 3, 2023 | Chris NicholsThe suit is California’s latest effort to enforce state housing laws against local governments it says are illegally rejecting new developments as residents struggle to pay for skyrocketing rents and mortgages.
State GovernmentTwo longtime Sacramento hotels could soon turn into permanent homeless housingApril 20, 2023 | Chris NicholsThe Sacramento County Board of Supervisors this week approved applications asking Governor Gavin Newsom’s administration for $37 million to purchase and renovate the hotels through the state’s Homekey initiative.
Unhoused residents at Sacramento’s 'Camp Resolution' reach first-of-its-kind lease to remain on city-owned propertyApril 10, 2023 | Chris NicholsThe deal allows the approximately 50 people living in tents and trailers at the camp to remain until all obtain permanent housing. The city had threatened to remove residents last fall.
Sacramento considers whether a tenant anti-harassment law could help housing issuesApril 5, 2023 | Kristin LamA Sacramento City Council Member proposed a tenant anti-harassment ordinance modeled after laws passed in cities such as Oakland, but it’s unclear whether the proposal will receive enough support to pass.
Did the homeless population decline in downtown Sacramento? A survey indicates ‘yes,’ but many are skeptical.April 5, 2023 | Chris NicholsThe report found the number of people sleeping outdoors in downtown dropped 40% over the past five months, declining from 200 people last September to 120 in February.
State GovernmentState may scale down its new home loan program designed to assist first-time homebuyersMarch 22, 2023Gov. Newsom wants to spend $300 million the first year, which could help about 2,300 buyers. But home prices are falling and mortgage rates are rising, complicating the launch.
State GovernmentNewsom administration to provide 1,200 tiny homes statewide, including 350 for the Sacramento regionMarch 16, 2023 | Chris Nichols | Nicole NixonGovernor Gavin Newsom kicked off a four-day “state of the state” tour across California in Sacramento on Thursday by announcing plans for the tiny homes.
State GovernmentWhat’s working and what’s next in California’s fight for affordable housing?March 2, 2023 | Nicole NixonHousing advocates say California’s environmental law gets in the way of building enough housing. Sen. Scott Wiener said he will introduce reforms to make CEQA “pro-housing and pro-climate.”