Latest / San Antonio News Today | 2 Min News | The Daily News Now!
California’s Housing Crisis Deepens | San Antonio News
California’s ambitious goal to build three and a half million new homes by 2025 is collapsing—nearly three million units behind schedule—even as the state has dumped nearly $24 billion into housing and homelessness over five years. Governor Newsom now backs an $11.3 billion bond to fund affordable housing, but soaring construction costs and bureaucratic red tape are making it two to four times pricier than in states like Colorado or Texas. Worse, nearly 40,000 approved affordable units sit idle, waiting for the $4 billion in missing funds—proving that even with good intentions, execution and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.