The California Housing Partnership has released its Affordable Housing Needs Report for Inyo and Mono Counties, shedding light on critical housing challenges and disparities. Key Findings for Inyo County:· 218 low-income renter households do not have access to an affordable home. · State and federal funding for housing production and preservation has plummeted to $211,374, an 82% decrease from the previous year. · 68% of extremely low-income (ELI) households spend over half their income on housing, compared to just 2% of moderate-income households. · In 2024, only 38 beds were available in interim housing for individuals experiencing homelessness. · Renters in Inyo County need to earn $22.77 per hour—1.4 times the state minimum wage—to afford the average monthly rent of $1,184. Key Findings for Mono County:· Mono County currently meets the demand for affordable rental homes. · State and federal funding for housing production and preservation increased to $59 million, a 4,241% rise from the previous year. · 40% of extremely low-income (ELI) households spend over half their income on housing, compared to 1% of moderate-income households. · In 2024, only 38 beds were available in interim housing for individuals experiencing homelessness. · Renters in Mono County also need to earn $22.77 per hour to afford the average monthly rent of $1,184. These findings underscore the urgent need for targeted investments and collaborative efforts to address housing affordability and homelessness in our communities. |
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