Homeownership should still be an achievable goal for working Californians.

Urge the Legislature to Fight for Funding
in the State Budget for Homeownership

Do you feel like you’ll never be able to afford to buy a home? Are you worried that your children will eventually move out of state because homeownership isn’t possible for them here?

 

Last year California’s median home price was $786,750 and it is expected to surpass $830,000 in 2022.  The lack of lack of supply and resulting high cost is affecting all working Californians but is particularly impacting communities of color. Right now, only 17% of Black and Latino households in the state can afford to purchase that median priced home.

 

At the same time, California is experiencing a record-setting budget surplus of between $45-65 BILLION, but the Governor’s proposed budget has only devoted $69 million to homeownership programs, and the state isn’t even required to spend that full amount.

A broad coalition of organizations including the California Association of REALTORS®, Habitat for Humanity California and California Building Industry Association has been working with a bi-partisan group of legislators to secure an additional $600 million in the state budget for homeownership programs.

Contact your state Assembly Members today to urge them to fight for increased funding for homeownership.

 
And please thank Senate President pro Tempore Toni G. Atkins and Senate Budget Committee Chair Nancy Skinner for including this funding in the Senate Democratic Caucus’s list of budget priorities. They are true heroes in the fight for homeownership.