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Affordable housing units rent for less than the market rate and are reserved for people who earn less than average income. Affordable housing is essential because most people experiencing homelessness simply can’t find a home they can afford.
600,000 people in L.A. County spend 90% of their income towards rent. The result is hundreds of thousands of people living one missed paycheck or emergency away from being displaced from their homes. We see this playing out on our streets.
According to the 2019 L.A. County Homeless Count, 53% of people experiencing homelessness for the first time said it was because they lost their job or experienced another financial hardship. In order to meet the need of low-income renters, we need more affordable units.