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BERKELEY'S NEWS • NOVEMBER 18, 2023

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State Treasurer's Office

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Affordable rental housing in California is built by both nonprofit and for-profit developers in partnership with cities, counties and the state. The cost of development and construction is driven up by factors ranging from land prices and environmental review to the rising costs of materials and labor.
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Affordable rental housing in California is built by both nonprofit and for-profit developers in partnership with cities, counties and the state. The cost of development and construction is driven up by factors ranging from land prices and environmental review to the rising costs of materials and labor.
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In October, the State Treasurer’s Office allocated a bond authority and $88.2 million in federal tax credits to help the production of affordable housing.
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In October, the State Treasurer’s Office allocated a bond authority and $88.2 million in federal tax credits to help the production of affordable housing.
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