More attention to multifamily homeownership could lower cost barriers, help millions own their own homes
A new report from California Community Builders examines an often-neglected piece of the housing picture. Multifamily homeownership – condos, co-ops, community land trusts and more – could, with the proper support and attention, help make homeownership possible for millions who can’t afford it now. But CCB’s new report, Multifamily Homeownership: Pathways to Addressing the California Housing Crisis, finds that the field is plagued by both a lack of data and a lack of attention from policymakers.“Homeownership is the main way American families build wealth, and that door is slammed shut for millions of Californians, especially in communities of color,” CCB CEO Adam Brion
