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2021 Report.pdf

COVID-19-renters-homeowners-011921.pdf
Preview of 2021 report
🔗 Source: lao.ca.gov
📊 Size: 444 KB
👤 Author: Legislative Analyst's Office
⬇️ Downloads: 49

Summary

The COVID-19 pandemic has significantly affected renters and homeowners in California, with low-wage workers being disproportionately affected due to job losses in industries that were heavily impacted by the pandemic. Despite state and federal policies aimed at stabilizing household finances, many households continue to struggle financially. An estimated $400 million in unpaid rent is owed by California renters as of December 2020, down from a previous estimate of $1.7 billion. The pandemic has exacerbated existing housing affordability challenges in California, with low-income households being particularly vulnerable to financial stress. State and federal actions, including expanded unemployment insurance benefits and stimulus checks, have helped to prevent evictions and foreclosures for many households.

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Description

The COVID-19 pandemic has significantly affected renters and homeowners in California, with low-wage workers being disproportionately affected due to job...

Technical Information

  • File Format: PDF
  • File Size: 444 KB
  • Pages: 10
  • Language: EN
  • Author: Legislative Analyst's Office
  • Total Downloads: 49
  • Last Updated: 2 months ago

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