Concord Real Estate News
According to officials, GOP tax proposal would gut affordable housing. When it come to affordable housing, $500,000 homes are becoming rarer while bay area rents continue to rise. Plus, Concord, CA is looking for additional applicants for the Rent Review Panel.
“A new report dissecting rent trends across the Bay Area is filled with bad news for tenants. With a handful of exceptions, today’s rents are higher in most of the region’s cities than they were a year ago.”
CONCORD — The city seeks additional applicants for the landlord seat and to serve as the alternate tenant member on the panel that hears disputes over proposed rent increases.
“SACRAMENTO — Less than two months after California passed hard-fought bills to build more subsidized rental housing for the poor, affordable-housing advocates are reeling from a federal tax-reform proposal that could grind that momentum to a halt and wipe out an existing program that created roughly 20,000 such homes last year.”
The Bay Area’s housing affordability crisis is so widely acknowledged that it sometimes can seem like the new normal. But this graph – showing the declining share of single-family homes that sell for $500,000 or less – is a stark reminder of just how dire the situation has become…
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