Published: Jan. 11, 2023 at 12:37 AM EST|Updated: 2 hours ago
LOS ANGELES, Jan. 11, 2023 /PRNewswire/ — The CALIFORNIA ASSOCIATION OF REALTORS® (CAR) today issued the following statement in response to the Governor Gavin Newsom’s 2023-24 state budget proposal:
“While the state’s current budgetary shortfall may delay fully funding home-ownership programs such as Senate President Pro Tem Tony Atkins’s California Dream for All down payment assistance plan in this year’s budget, we are encouraged by Governor Newsom’s commitment to home ownership programs going forward,” said CAR President Jennifer Branchinia Bay Area REALTOR®. “We look forward to working with the Governor and legislative leaders to ensure that this and future state budgets create opportunities for new generations of Californians to build family wealth through home ownership.
“Great strides have been made, including last year’s historic investments in CalHome and the California Dream for All program. However, more needs to be done to help make homeownership more attainable for the state’s working families and support traditionally underserved communities so that they can build generational wealth.Today, only one in every five Californian households can afford a single-family home.
Homeownership is the best way for working people to achieve economic security and develop wealth. Funding to expand ownership housing to create this opportunity for more Californians must be a larger part of this year’s budget.”
Leading the way…® in Californian real estate for more than 115 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 217,000 members dedicated to the advancement of professionalism in real estate. CAR is headquartered in Los Angeles.
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SOURCE CALIFORNIA ASSOCIATION OF REALTORS® (CAR)
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