The California Strategic Growth Plan
Housing

California has had high housing prices for many years and lags the nation in affordability. Restrictions on land available for development and additional costs imposed by government are the primary reasons for these high prices. This has led to a chronic undersupply of housing affordable to most Californians. State bond funding, tax credits and redevelopment funds are used to help create additional housing, primarily for low-income Californians.

Proposition 1C, provides $2.85 billion for housing-related programs.

  • Affordable housing loans and grants - $1.4 billion. This funding will provide for multifamily housing ($345 million), homeless youth housing ($50 million), emergency housing ($50 million), supportive housing ($195 million), farm worker housing ($135 million), CalHome ($300 million), down payment assistance ($200 million), and the Building Equity and Growth in Neighborhoods (BEGIN) program ($125 million). These are existing programs and funding started being allocated from many of them in 2006-07. Over their life these programs are projected to assist in the creation of over 31,000 new housing units and 2,350 shelter spaces.
  • New Housing Incentive Programs - $1.45 billion. This funding will support new programs to provide incentives to permit housing development and to stimulate innovation in housing creation. These programs will require further legislative and administrative program development. The Administration is proposing that these funds be granted on a competitive basis, with priority given to localities that increase housing production over recent trends, produce more affordable housing, and do so with less negative impacts by siting housing near transit and within existing urbanized areas. Several of these programs provide funding for parks and other community infrastructure needed for new housing. These programs will incentivize construction of housing; expected to result in 87,000 additional housing units.

PROPOSITION 46
The Budget includes the remaining $36 million of Proposition 46 funding. This bond has assisted in the creation or permitting of over 100,000 housing units.

image of backward arrow image of forward arrow

CHAPTER HIGHLIGHTS for The California Strategic Growth Plan Back to Top

 Strategic Growth Coordination and Sustainability
 Providing Performance Based Infrastructure (PBI)
 Flood Control and Water Supply
 K-12 Education
 Higher Education
 Transportation
 Judicial
image of black pointing arrowHousing
 Public Safety
 Other Public Service
 Accountability
 Affordability

PRINTABLE BUDGET DOCUMENTS Back to Top
Budget Summary - The California Strategic Growth Plan (pdf * - 279K) -
Provides this entire The California Strategic Growth Plan Chapter in pdf format.