Report: San Diego County Rents Have Skyrocketed 32% Since 2000
Higher rents and cuts in affordable housing funding are exacerbating the housing crisis.
That's the conclusion of a new report by the California Housing Partnership.
Among the statistics in that report is that rents have skyrocketed 32 percent in San Diego County since 2000. However, the median income of renters has decreased by 2 percent.
And when the cost of housing is factored in, the county's poverty rate jumps from 14 to 22 percent, according to the report.
The report recommends that San Diego reinvest in more affordable housing. Since 2008, the county has lost more than $109 million annually in federal and state funding for affordable housing projects, the report states. That includes the loss of funds from the elimination of redevelopment agencies.
Assembly Democrats hope Gov. Jerry Brown increases funding for affordable housing in his revised budget proposal, which is set to be released Friday.
Stephen Russell, executive director of the San Diego Housing Federation, discusses some of the findings in the new report Thursday on KPBS Midday Edition.