The focus of this goal is on maintaining an inclusive and diverse community, through efforts like increasing affordable housing, raising workers’ incomes, and helping Santa Monicans stay in their homes. With Santa Monica voters' approval of measures to increase funding for affordable housing, as well as the City Council’s dedication of additional funding, the City will invest in creating more affordable housing while piloting new programs to help maintain economic diversity in Santa Monica.
Inclusive and Diverse Community Projects
- HOUSE pilot program: encourages more private apartments owners to accept housing vouchers (Economic Opportunity)
- POD pilot program: provides rental assistance to long-term residents in rent-controlled apartments who are severely rent-burdened (Economic Opportunity)
- Production and preservation of affordable housing (Economic Opportunity)
- Increases in minimum wage and related employment requirements (Economic Opportunity)
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.