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Cost and availability of affordable housing. In 2018, the median rental rate in Silicon Valley was $2,911, the highest of any major metropolitan region in the United States. [ 3] At $3.20 per square foot, the San Jose metro area has the second highest rental rate per square foot in the United States, behind San Francisco at $3.42. [ 3]
Measuring affordable housing is tricky. Different organizations look at different things: some at buying homes, others at renting apartments. Many U.S. studies, for example, only consider the average rent of a two-bedroom apartment, regardless of location or quality. This can make housing look more expensive than it actually is for many people.
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [9])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
Together, Step Up and its partner, Shangri-La Industries, pulled in more than $114 million to convert seven California motels into apartments for formerly unhoused tenants.
Here are 10 rental markets offering the biggest concessions to renters in 2024. All you have to do is pack your bags . RoschetzkyIstockPhoto / iStock/Getty Images
Buying a new house or apartment can offer a way to be closer to friends and family, stay independent and get the most out of your retirement savings. If you currently rent, buying a home may also ...
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