In partnership with the nonprofit California Housing Partnership, the Los Angeles County Chief Executive Office released the Sixth Affordable Housing Outcomes Report in August 2022.
Due to pandemic-related challenges in data collection, this report relied on 2019 demographic, gap, and cost burden analyses as well as the 2020 Point in Time homeless count. It also incorporated data that showed changes in rent during the pandemic, and that compared renter ability to make rent payments by household income.
The report concluded the County needs to add approximately 499,430 affordable homes to meet the current demand among renter households at or below 50 percent of the Area Median Income (AMI).
Even though the shortage of affordable homes remains large, this shortfall is 82,393 less than in 2014. This decline in shortfall may be partially attributed to a slight decrease (half percent) in the number of lower-income renter households, as well as regional efforts to increase access to affordable housing.
The report also identified an inventory of 133,909 federal, State, and County-administered affordable homes and tracked efforts to protect renters during the pandemic, including nearly 28,757 County-administered rental subsidies, as well as American Rescue Plan Act and Project Homekey investments.