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. You will hear a lot about this in the coming months as the City Council considers potential ballot measures this November to identify sustainable funding sources to produce affordable housing units.
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.