![](https://www.marinatimes.com/wp-content/uploads/2024/10/San-Fransisco_728x90.jpg)
Though the statement that the city has a shortage of affordable housing is not news to anybody, they might still be wide-eyed by the numbers backing up that statement. San Francisco has a shortfall of 40,845 homes that are affordable to households in the very low-income and extremely low-income categories, according to an August report from the California Housing Partnership Corporation.
A rule of thumb (and one that is embedded in regulations and laws affecting housing in many parts of the country) is that households should not spend more than one-third of their income on housing costs. According to the report, 59 percent of very low-income households in San Francisco spend more than 30 percent of their income on rent, and 59 percent of very low-income households here spends more than half of their income on rent.
![](https://www.marinatimes.com/wp-content/uploads/2024/10/San-Fransisco_728x90.jpg)
There are more than 59,000 renter households in San Francisco that qualify as extremely low income, according to the report.
More information is available at chpc.net.