Housing and Economic Well-Being
An affordable place to live provides the stable foundation for a family's economic well-being.
Families in affordable, safe, and stable housing can pay rent and have money left in their budget for basic necessities, such as food, healthcare and medications, school supplies, and transportation to and from work.
Historically, homeownership provided a sound path to wealth creation and community vitality; however, high foreclosures and prevalence of negative home equity created economic instability for many families. The foreclosure crisis pushed many families back into the rental market, which drove up rents, and now these families compete to find safe, stable, and affordable rental housing.
View the California Department of Housing and Community Development's Housing and Family Economic Well-Being policy brief. (PDF) (2013)
Learn more about the housing and economic well-being in California's Housing Future: Challenges and Opportunities.