One symptom of California’s housing crisis? State agency says someone making $200K deserves house-buying help.

When the California Housing Finance Agency was created in 1975 in Governor Jerry Brown’s first term, the mission was simple: help low- and moderate-income families buy their first home. More than 40 years later, amid skyrocketing housing prices and near-record low homeownership rates, that goal is getting harder and harder to attain. So much so […]