Jan. 31, 2017
The report measures the “bare bones” cost of living — housing, food, transportation, health care, child care and taxes — to see what it takes for households to get by without public or private assistance. For a single adult living alone, that annual income is $27,942, or $13.23 per hour for a full-time worker. For a family with two adults, one preschooler and one infant, it’s $88,616.
Jan. 23, 2017
It would take even more – much more – to make up for lack of construction in the last decade – a dearth that’s driven housing costs to sky-high levels and given us the nation’s highest level of poverty. . . Two new proposals, one imposing a new tax on real estate transactions and another abolishing state income tax deductions for second home mortgage interest, would generate perhaps $600 million a year for affordable housing – enough for around 1,800 units, or just 1 percent of the state’s overall need.
Jan. 10, 2017
Her loan is part of a booming corner of the lending industry called Property Assessed Clean Energy, or PACE. Such loans, set up by local governments across the U.S., are designed to encourage homeowners to buy energy-efficient solar panels, window insulation and air-conditioning units. . . Creditworthiness matters little to lenders, because loans are based on the value of a homeowner’s property. PACE loans typically require no down payment, and the debt is added to property-tax bills as an assessment. Ms. White’s annual property taxes soared to $6,500 from $1,215.
Jan. 3, 2017
“What the report tries to get at is that the facts on the ground for a typical California family are really as bad as they’ve ever been in the state’s history,” said Ben Metcalf, director of the Department of Housing and Community Development.