The California Housing Partnership annually assesses the historical loss and conversion risk of federally- and state-subsidized affordable rental properties. Its 2019 analysis found that between 1997 and 2018, California lost 15,044 affordable rental homes, one in four of which were financed with LIHTCs, and another 34,554 affordable rental homes are at risk of conversion. In order to preserve the supply of affordable housing they recommend:

  1. Aggressively enforce the State Preservation Notice Law as expanded by AB 1521 (2017).
  2. Create a bargain sale tax credit that incentivizes at-risk owners to sell to preservation entities.
  3. Expand the State LIHTC program.
  4. Create a new affordable housing funding tool to replace funds lost to redevelopment elimination in 2012.