In The News – Long waitlists, low turnover, and high demand: Lake Tahoe’s affordable housing
May 2, 2025 | Member Submitted
Originally published in the Tahoe Daily Tribune, 5/2/2025, Written by Eli Ramos
As prices for housing continue to climb, with non-equivalent wage increases, finding affordable housing is becoming increasingly difficult, even for those earning above 80% of the area median income. What does “affordable housing” actually refer to? Here in the basin, who is it meant to serve? And is there enough of it to help those who need it?
Defining affordable housing
Affordable is a tricky term to nail down in the housing sphere, since it’s often used to refer to something that anyone, regardless of income bracket, can pay for. It’s also been used to address the undue burden for most people renting and owning a home—that the combined cost for the housing payment and utilities shouldn’t make up more than 30% of the income for those paying (an uptick from the 1980s, where that number was 20%.)