Audit Slams California for Mismanaging Housing Crisis, Wasting Billions in Bonds


 

Mismanagement of funds, in California?

(From San Jose Inside)

Decades of broken promises and billions of wasted dollars have left the Golden State with some of the nation’s highest housing costs, highest percentage of overcrowded rentals and highest concentrations of homelessness.

In 523 of California’s 539 cities, at least a fifth of lower-income tenants spend at least half their wages on rent, according to Howle. And though the state makes up 12 percent of the U.S. population, it claims 27 percent of the nation’s homeless people.

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This article was originally posted here: https://www.ac2news.com/2020/11/audit-slams-california-for-mismanaging-housing-crisis-wasting-billions-in-bonds/.

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