San Francisco Business Times: How the East Bay and Peninsula lost $185 million in affordable housing funding over the last decade

San Francisco Business Times: How the East Bay and Peninsula lost $185 million in affordable housing funding over the last decade
May 5, 2017 Lei Lani Fera

Annual federal and state affordable housing funding for the East Bay and Peninsula plunged by $185 million over the last decade, worsening the regional housing crisis, according to new reports. Alameda, Contra Costa and San Mateo counties collectively had $65.6 million of state and federal funding in fiscal year 2015-2016, a 74 percent drop from $250.6 million in funding in fiscal year 2008-2009.  Alameda County saw a bulk of the loss, with a $115 million reduction, or 74 percent. Contra Costa lost 66 percent in funding over the same period, a difference of $37 million. San Mateo County had 83 percent less funding, a nearly $33 million decline. The analysis was released by California Housing Partnership Corp., Non-Profit Housing Association of Northern California and East Bay Housing Organizations, using data from the government and the University of California, Berkeley.

Read Full Article