MULTIFAMILY HOMEOWNERSHIP: Pathways to Addressing the California Housing Crisis
Too often, U.S. housing policy imagines only two categories of housing: single-family homeownership and multifamily rentals. But the actual picture is much more complicated, and multifamily homeownership (MHO) is a reality for millions of Americans. This form of homeownership gets relatively little attention or discussion in housing circles, which means the role it can play in California’s housing crisis has been largely ignored. That’s no longer viable.
Multifamily homeownership can play a significant role in solving our state’s housing dilemma, but only if both its potential and its pitfalls are understood and addressed. This initial assessment of MHO in California and the U.S. seeks to establish a baseline from which we can improve our understanding of this area and develop policies that can take us to a future in which every resident has a comfortable, secure and affordable home and homeownership is within reach of all who want it.
Click here to read the report on multifamily homeownership from California Community Builders.