Advocates warn now is not the time to cut programs that help the poor. The Golden State has reserves to weather a tough year, but a recession could deepen the deficit.
Alejandro Lazo / CalMatters
Posted inPolitics & Policy
California legislators want to help you buy a house with down payment, ‘shared equity’
Legislators propose a $1-billion-a-year down payment program for first-time buyers, given the high cost of housing and rising mortgage interest rates, in exchange for a partial stake.
Posted inCoast Life
Did the pandemic create more income inequality in California?
Income inequality grew in California during three of the last four recessions before the COVID-19 pandemic. Researchers are trying to figure out if the same happened in 2020.