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Cost and availability of affordable housing. In 2018, the median rental rate in Silicon Valley was $2,911, the highest of any major metropolitan region in the United States. [ 3] At $3.20 per square foot, the San Jose metro area has the second highest rental rate per square foot in the United States, behind San Francisco at $3.42. [ 3]
Affordable housing and Homelessness in the San Francisco Bay Area represents an ongoing part of public discourse, especially as the Bay Area population has increased to house about 20% of the State of California's population – the regional population is expected to increase from 7.2 million to 9.3 million by 2040. [60]
As of 2019, TODCO oversaw eight affordable housing buildings comprising about 1,000 units. [1] In 2021, this included three residential hotels on Sixth Street and five senior buildings near Yerba Buena Gardens. The John Stewart Company has a management contract to manage TODCO properties. [2]
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Living spaces. Single-room occupancy (SRO) is a type of low-cost housing typically aimed at residents with low or minimal incomes, or single adults who like a minimalist lifestyle, who rent small, furnished single rooms with a bed, chair, and sometimes a small desk. [1] SRO units are rented out as permanent residence and/or primary residence [2 ...
Starting in the 1990s, the city of San Francisco and the surrounding San Francisco Bay Area have faced a serious housing shortage. The Bay Area's housing shortage is part of the broader California housing shortage. In October 2015, San Francisco had the highest rents of any major US city. [ 2] The nearby city of San Jose had the fourth highest ...
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