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The future’s looking grim for affordable housing projects across California.
Housing developers and advocates hung their hopes on Proposition 5, a measure rejected by voters that would have made it easier to raise local funding for affordable housing and public infrastructure projects. Meanwhile, as President-elect Donald Trump prepares to take office, no one expects the federal government to dole out more money for subsidized housing.
“We can’t sugarcoat the fact that this is a significant setback,” said Susannah Parsons, director of policy and legislation at All Home, a Bay Area housing justice advocacy group. “We are running low on public funds for housing. We are facing significant headwinds.”…