Read the full article by Ken Magri at The Sacramento Observer
As the need for more affordable rental units continues, developers in the Sacramento area work to complete new affordable housing projects across the city.
Less than half of all living units in Sacramento are renter occupied, and according to Apartments.com, the median cost to rent a one-bedroom apartment is $1,511 per month. While that runs slightly below the national average for rent, it is still too high for people with extremely low incomes.
According to Sacramento County’s 2024 Affordable Housing Needs Report, the amount of extremely low-income households paying rent with more than half of their monthly income is 83%, compared to 1% of moderate-income households.