New San Mateo County Data: Housing Shortfall Increases 14 Percent Since Last Year
New Reports Builds Case for Action
Key findings include:
- When factoring for high housing costs, San Mateo County’s poverty rate more than doubles from 7.2 percent to 16.5 percent.
- The County’s inflation-adjusted median rent increased 21 percent while median renter income declined 3% since 2000.
- San Mateo County lost 83% of state and federal funding for affordable housing since 2008.