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STANISLAUS COUNTY 2022Affordable Housing Needs ReportKEY FINDINGSRenters in Stanislaus County need toearn 27.88 per hour - 1.9 times thestate minimum wage - to afford theaverage monthly asking rent of 1,450.State and federal funding forhousing production andpreservation in Stanislaus County is 56 million, a 62% increase from theyear prior.Asking rents in Stanislaus Countyincreased by 10% between Q4 2020and Q4 2021.The interim and permanent housingsupply available in Stanislaus Countyin 2021 for persons experiencinghomelessness was 649 beds.Low-Income Housing Tax Creditproduction and preservation inStanislaus County decreased by100% between 2020 and 2021.CHPC.NET/HOUSINGNEEDS MAY 2022
PROGRESS TOWARDS RHNAProgress of Stanislaus County jurisdictions towards 5th cycle Regional Housing Needs Allocationproduction goals for all income groups (2020 APR data).Very Low-IncomeLow-IncomeModerate-IncomeAbove 50,0-70050,2-1,5-1-2-1,0,7005000CeresUnits Above/Below RHNA GoalSTATE & FEDERAL FUNDINGState and federal funding for housing production and preservation in Stanislaus County is 56million, a 62% increase from the year prior.State HousingBonds andHousingProgramsRedevelopmentHousingHUD BlockGrants NHTFFederalLIHTCState LIHTC 100 92M 56M 53M 50 43M 36M 34M 25M 25 24M 21M 19M 17M 11M 2102001-2092008-20009 020(IN MILLIONS) 75
LIHTC PRODUCTION AND PRESERVATIONLow-Income Housing Tax Credit production and preservation in Stanislaus County decreased by100% between 2020 and 2021.Acq/Rehab UnitsNew Construction 620172018201920202021HOUSING FOR PERSONS EXPERIENCING HOMELESSNESSThe interim and permanent housing supply available in Stanislaus County in 2021 for personsexperiencing homelessness was 649 beds.Persons ExperiencingHomelessnessLIHTC PermanentSupportive Housing(PSH)HomekeyInterim 2017p.32018201920202021
ASKING RENT TRENDSAsking rents in Stanislaus County increased by 10% between Q4 2020 and Q4 2021.Asking Rent/unitAsking Rent % Decline/yrAsking Rent % Growth/yr 1,60024% 1,40016% 1,2008% 1,0000% 800-8%-16% 6002000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021WHO CAN AFFORD TO RENTRenters need to earn 1.9 times minimum wage to afford the average asking rent in StanislausCounty.Average Asking Rent 1,450 /MonthIncome Needed to AffordAverage Asking Rent 4,833 /MonthState Minimum Wage 2,600 /MonthHome Health &Personal Care Aides 2,526 /MonthFarmworkers 2,573 /MonthRetail Salespersons 2,913 /MonthJanitors & Cleaners 3,082 /MonthNursing Assistants 3,162 /Month 0 1,000 27.88 /Hour 15.00 /Hour 14.57 /Hour 14.84 /Hour 16.81 /Hour 17.78 /Hour 18.24 /Hour 2,000p.4 3,000 4,000 5,000
HOW POLICYMAKERS CAN HELP1. INVEST IN OUR VALUES2. PROMOTE FAIRNESS3. PROTECT PEOPLE4. REIMAGINE GROWTHLearn more: roadmaphome2030.org5. CREATE EFFICIENCY & ACCOUNTABILITYDATA SOURCES & NOTESPROGRESS TOWARDS RHNACalifornia Department of Housing and Community Development (HCD) 5th Cycle AnnualProgress Report Permit Summary, July 2021.FUNDING FOR HOUSINGCalifornia Housing Partnership analysis of HCD Program Awards and Annual Reports, U.S.Department of Housing and Urban Development (HUD) CPD Appropriations Budget Reports,California Housing Finance Agency (CalHFA) Mixed Income Program, California Business,Consumer Services and Housing Agency (BCHS) Program Reports, California Strategic GrowthCouncil (SGC) Affordable Housing Sustainable Communities Program, and federal and stateLow-Income Housing Tax Credits (LIHTC).LIHTC PRODUCTION AND PRESERVATIONCalifornia Housing Partnership's Preservation Database, February 2022. Please note that thisdata does not include manager units or market rate units created through the LIHTC program.HOUSING FOR PERSONS EXPERIENCING HOMELESSNESSHUD Point-in-Time (PIT) Housing Inventory Count (HIC) reports, 2013–2021. California HousingPartnership's Preservation Database, February 2022.ASKING RENT TRENDSCoStar Group average asking rent for two-bedroom apartments (accessed January 2022).Data is only one part of the story. To find out more about proposedsolutions, contact us (chpc.net/contact) or reach out to our local/regional partners(chpc.net/advocacy-partners).This report was produced by the California Housing Partnership chpc.netLead Researcher: Danielle M. Mazzella, Senior Research ManagerALL CALIFORNIA COUNTIES: chpc.net/publications/housing-need-reports
Renters in Stanislaus County need to earn 27.88 per hour - 1.9 times the state minimum wage - to afford the average monthly asking rent of 1,450. Asking rents in Stanislaus County increased by 10% between Q4 2020 and Q4 2021. Low-Income Housing Tax Credit production and preservation in Stanislaus County decreased by 100% between 2020 and 2021.
