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Since about 1970, California has been experiencing an extended and increasing housing shortage, [1]: 3 such that by 2018, California ranked 49th among the states of the U.S. in terms of housing units per resident. [2]: 1 [3] This shortage has been estimated to be 3-4 million housing units (20-30% of California's housing stock, 14 million [4 ...
University Hills is a housing development on the campus of the University of California, Irvine (UCI) in southern Irvine, California, United States, consisting of 1226 for-sale homes and 384 rental units. [1] University Hills was developed by the Irvine Campus Housing Authority, a not-for-profit corporation under the control of the university.
Living spaces. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use ...
The homeowner vacancy rate was 2.2%; the rental vacancy rate was 6.2%. 109,846 people (51.7% of the population) lived in owner-occupied housing units and 95,973 people (45.2%) lived in rental housing units. During 2009–2013, Irvine had a median household income of $90,585, with 12.2% of the population living below the federal poverty line. [33]
Of counties with a population exceeding 1,000,000, Santa Clara County had the highest per capita income ($42,666), followed by Contra Costa County ($38,770). San Diego ($31,043), Los Angeles ($27,987), and Sacramento ($27,071) counties all had per capita incomes near that of the state. Map of counties by per capita income (ACS 2016–2020).
The report's key figure, the "Housing Wage," reveals the hourly earnings necessary for full-time workers to afford fair market rental homes without exceeding 30% of their incomes. Nationally, the 2023 Housing Wage is $28.58 per hour for a modest two-bedroom home and $23.67 per hour for a one-bedroom home.
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