The San Diego County Affordable Housing Needs Report says funding is down for subsidized housing and more homeless options are needed
The vast majority of low-income renters in San Diego County are spending more than half of their income on rent, said a new study. San Diego's Affordable Housing Needs Report, released Thursday by the nonprofit California Housing Partnership, gave the region poor marks across the board for everything from homeless housing to subsidized rentals — and sounds the alarm on decreasing funding.
Much of the funding came from low-income tax credits, large subsidies given to developers for building rent-restricted housing. That number was up at the statewide level, 13 percent, but down 4 percent nationally. Nationwide tax credits are tied to population, and some funding was lost due to California's slight population decline. The biggest drops were in state housing and budget allocations, and grants from the federal Housing and Urban Development department — both down 35 percent.
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