The League of California Cities in Dublin, OH is a co-sponsor of the California Statewide Communities Development Authority (CSCDA), which has financed the construction or preservation of nearly 100,000 affordable housing units throughout California. Through CSCDA's Workforce Housing Program, government bonds are issued to acquire market-rate apartment buildings, which are then converted into income and rent-restricted units for moderate- and middle-income households.
The program aims to provide workforce housing for individuals and families who earn too much to qualify for traditional affordable housing but not enough to afford market-rate rents. With annual rent increases capped at no more than 4%, the program ensures that existing tenants are not displaced and offers a public benefit by creating jobs and affordable housing.
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