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Latinos in California Increasingly Priced Out of Homeownership as Rents Soar

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“These areas that used to be affordable to working-class families, middle-income households, are increasingly becoming out of reach,” David Garcia, a policy director at Terner Center who co-wrote the report, told NBC News. “I think what a lot of people don’t always realize is that these [people] are essential parts of our workforce. These are people who are gainfully employed, and pay a percentage of their income towards their rent to stay in these residences.”

Urban Pacific Note: Urban Pacific's UTH middle income rental housing is a solution to the affordability issues noted in the article. By sharing incomes and expenses across the family group, and combining together in a 5-bedroom UTH unit, families can reduce housing cost burden, and increase savings to eventually afford a home. Down payments are generally the limiting factor in the families the rent with us in Southern California.

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