California Must Build 2.5M Houses By 2030 To Avoid Exacerbating Homeless Crisis, Report Finds

By CBSLA Staff, CBS Los Angeles:

LOS ANGELES (CBSLA) – With housing prices skyrocketing, and the homeless crisis worsening statewide, a new report released Wednesday determined that California needs to build another 2.5 million homes in the next eight years in order to ease the housing crisis.

The report from the California Department of Housing and Community Development found that by the year 2030, at least 2.5 million new homes need to be built, with at least one million of those going to lower-income families.

Over the last eight-year planning period, only 588,344 homes were built, according to CDHCD, which was well under the 1.2 million goal which was set.

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