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Housing Crisis Deepens as Prices Soar Beyond Reach

October 17, 2024 | Rialto, San Bernardino County, California

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Housing Crisis Deepens as Prices Soar Beyond Reach
In a recent government meeting, officials discussed the pressing issue of housing affordability, particularly in light of new developments that predominantly feature high-priced units. The conversation highlighted concerns about the limited availability of affordable housing options for low and very low-income residents.

One commissioner raised a critical question regarding the affordability of new housing units, which start at prices around $400,000. The discussion revealed that while developers are incentivized to include a variety of unit types—ranging from studios to three-bedroom apartments—there is no requirement for them to provide sufficient low-income housing. Currently, developments are only planning for a minimal number of very low-income units, often just two or three per project, which many believe will not adequately meet community needs.

The dialogue underscored a broader concern about the impact of market forces on housing prices. Commissioners acknowledged that investors often dictate rental prices, leading to increased costs that many residents cannot afford. One official emphasized the necessity for a strategic approach to address these challenges, suggesting that the community must explore potential solutions rather than accepting the status quo.

While some participants suggested that discussions with the city council might be necessary, others noted that the issue may extend beyond local governance, implicating state-level policies as well. The meeting concluded with a commitment to continue working on the sixth cycle of housing planning, which aims to incorporate more affordable units into future developments. However, the urgency of the situation remains, as officials recognize the need for immediate action to address the growing affordability crisis in the community.

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