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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.
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41 Articles
41 Articles
Report: Federal spending fails to make Calif. affordable
By Chris Woodward Billions of dollars of government spending over a decade have done nothing to stop homeownership from slipping out of reach for millions of Americans. That’s especially true for California. And that’s according to a report released Monday night, “Extreme Makeover: American Dream Edition?” The study by Open the Books, an organization that tracks government spending at the local, state and federal levels, examined public data fr…
Coverage Details
Total News Sources41
Leaning Left4Leaning Right14Center19Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
11%
C 51%
R 38%
Factuality
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