The latest legislative debate over the size and makeup of affordable housing in California comes as officials there scramble to address deepening concerns over the lack of low- and middle-income properties amid elevated home prices driven by surging demand and languishing inventory. California has come up 100,000 new homes short of demand annually over the last 10 years, a recent report by the state’s Department of Housing and Community Development found. Homeownership rates there are the lowest since the 1940s, while for nearly one-third of renters there housing costs account for more than half their income. Earlier this month, Gov. Jerry Brown called on state legislators to reduce the barriers and limit delays around permitting and incentives in a bid to lower costs and increase affordable housing construction across the state.
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