How Concord is tackling affordable housing, new nonprofit

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Concord Family Enrichment Association

The city of Concord created a nonprofit, Concord Family Enrichment Association, to aid in combating the staggering need for affordable housing that the city faces.

City of Concord

Increase in Housing Costs

The median home values in Concord have increased almost exponentially since 2018, and they are projected to keep rising. But the area's median income has remained rather stagnant, creating a gap in household income and housing prices. This has led to households spending more than 30% of their income on housing.

U.S. Census Bureau

Rental Cost Increase

The median gross rent households pay in Concord has increased significantly over the years, and it is projected to grow. For a household spending 30% of its income on housing a month, an affordable rent would be around $533 a month, according to the study. But the average rent is $875 in Concord.

City of Concord

Victoria Young

Concord has established a nonprofit organization to support the city’s affordable housing efforts by seeking funding options outside those available through the federal Housing Department.

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