Santa Monica is committed to maintaining an inclusive and diverse community by expanding affordable housing, raising workers’ incomes, and helping Santa Monica residents stay in their homes and build their community network.
Desired outcomes: Community, Economic Vibrancy, Place & Planet, Health
In the 15 years following state-mandated vacancy decontrol, housing that is affordable to low- and moderate-income families dropped from 60 percent to less than one-third of all Santa Monica housing.
Affordable housing took a big hit in 2012 when the state eliminated redevelopment agencies, causing Santa Monica to lose over $15 million annually in housing funding.
In January 2016, the City Council adopted a minimum wage increase that will reach $15 per hour in 2020.