1 Henderson Global Investors, "The Investment Potential of California Affordable Housing," January 2002.
2 Amy Friedrich and Eric Rodriguez, "Financial Insecurity among Growing Wealth: Why Healthier Savings is Essential to Latino Prosperity," National Council of La Raza Issue Brief, August 2001.
3 Sheila Muto, "Real Estate Bias Cited in Fed Study," Wall Street Journal, February 26, 1997.
4 Diane Wedner, "Fewer Can Buy Homes," Los Angeles Times, April 3, 2002.
5 California Employment Development Department, Labor Market Information Division, August 2002.
6 U.S. Census Bureau and Bureau of Labor Statistics, Current Population Survey, March 2000.
7 U.S. Census Bureau and Bureau of Labor Statistics, Current Population Survey, March 2000.
8 State of California, Department of Finance, Race/Ethnic Population with Age and Sex Detail, 1970-2040, Sacramento, CA, December 1998.
9 Daryl Strickland, "State's Housing Markets in a ‘Bubble,' Report Finds," Los Angeles Times, June 26, 2002.
10 U.S. Bureau of the Census, 2000 Census.
11 U.S. Department of Commerce, Minority Business Development Agency, The Emerging Minority Marketplace: Minority Population Growth, 1999, and U.S. Census Bureau, Current Population Survey, Population Projections of the United States by Age, Sex, Race, and Hispanic Origin: 1995 to 2050, P25- 1130, Washington DC., 1996.
12 Pew Hispanic Center Fact Sheet, "U.S.-Born Hispanics Increasingly Drive Population Developments," January 2002.
13 U.S. Bureau of the Census, 2000 Census.
14 All purchasing power figures taken from Selig Center for Economic Growth, Terry College of Business, University of Georgia, "The Multicultural Economy: Minority Buying Power in the New Century," 2002.
15 Gregory Rodriguez, "The Emerging Latino Middle Class," Pepperdine University School of Public Policy, October 1996.
16 "The Changing Population Underlying California's Housing Crisis," University of Southern California.
17 Clarence Senior, Land Reform and Democracy, University of Florida Press, Gainesville, 1958, pp. 15-27.
18 William C. Thiesenhusen, "Trends in Land Tenure Issues in Latin America," Deutsche Gesellschaft fur Technische Zusammenarbeit, 1996.
19 Luis Bernardo Rodriguez G., "Expencias en Mejoras Tecnologicas En Vivendas de Najo Costo."
20 Yochi J. Draezen, "US Racial Wealth Gap Remains Huge," Wall Street Journal, March 14, 2000.
21 Charles Kamasaki and Laura Arce, "Financial Services and Hispanic Americans," National Council of La Raza Issue Brief, August 2000.
22 Amy Friedrich and Eric Rodriguez, "Financial Insecurity among Growing Wealth: Why Healthier Savings is Essential to Latino Prosperity," National Council of La Raza Issue Brief, August 2001.
23 Based on a sample provided by California Association of REALTORS and First American Real Estate Solutions database. Of the 400,000 units of housing sold in 2001, Cultural Access Group utilized a proprietary algorithm to determine Latino ethnicity via the surname and geography for each listing. More detail about this methodology is found in the Appendix.
24 Public Policy Institute of California, "A Portrait of Race and Ethnicity in California," 2001. Originally derived from Census PUMS dataset.
25 Source: 1970, 1980, 1990 Census (PUMS) and Public Policy Institute of California, "A Portrait of Race and Ethnicity in California," 2001. The 2000 figure is derived from the California Budget Project's analysis of the 2000 Current Population Survey.
26 All data from May/June 2002 survey.
27 Some low home prices reflect home buyers who may have purchased their home more than 15 years ago. One-quarter of respondents have owned their home for 15 years or greater.
28 Daryl Strickland, "Supply of Homes Hits Record Low in State," Los Angeles Times, June 7, 2002.
29 Susanne Trimbath and Juan Montoya, "A New Kind of Gold: Investment in Housing in Times of Economic Uncertainty," Milken Institute Policy Brief, June 2002.
30 "Subdi-Vision Survey," Equity Research, Bank of America Securities, February 1, 2001.
31 Sheila Muto, "Homes for the Unhitched," Wall Street Journal, California edition, September 30, 1998.
32 California Budget Project, Locked Out: California's Affordable Housing Crisis, May 2000.
33 National Association of Home Builders, Housing Opportunity Index for 1st Quarter 2002, http://www.nahb.com (August 2002).
34 California Budget Project, Locked Out: California's Affordable Housing Crisis, May 2000.
35 Joint Center for Housing Studies of Harvard University, "The State of the Nation's Housing, 2001," p. 12.
36 William R. Paxton, "Housing Crisis Biggest Threat to California," Los Angeles Daily News, July 14, 2002.
37 Construction Industry Research Board and California Association of REALTORS report, "The Endangered American Dream: California's Housing Crisis," June 2000.
37 Rewarding Ambition: Latinos, Housing, and the Future of California
38 Daryl Strickland, "Prices Soar for Housing in Southland," Los Angeles Times, January 22, 2002.
39 Daryl Strickland, "Housing Prices Soar at Low End," Los Angeles Times, August 21, 2001.
40 The 1986 federal tax act limited favorable treatment available to investors of rental property.
41 California Association of REALTORS, "2001 California Existing Single-Family Housing Market Annual Historical Data Summary," March 2002. Existing single-family home sales exceeded 500,000 in 1998, 1999, 2000, and 2001. However, home sales have slightly slowed down and the levels will likely dip below the half million mark in 2002 due to low inventories. Figures are based on sample estimates.
42 California Budget Project, Locked Out: California's Affordable Housing Crisis, May 2000.
43 California Association of REALTORS, June 2002, www.car.org (August 2002).
44 California Association of REALTORS, "2001 California Existing Single-Family Housing Market Annual Historical Data Summary," June 2002.
45 Between 1989 and 1999, the cost of rental housing rose 15 percent in Los Angeles and 38 percent in San Francisco, while the income of a median renter rose just 9.6 percent during the same period. California Budget Project, Locked Out: California's Affordable Housing Crisis, May 2000 and Bureau of Labor Statistics, Current Population Survey, March 2000.
46 California Housing Law Project and the California Department of Housing and Community Development, The State of California's Housing Markets 1990-1997, prepared as the California Statewide Housing Plan Update, Phase II, January 1999.
47 Public Policy Institute of California, California Cities and the Local Sales Tax, 1999.
48 California Department of Housing and Community Development, California Statewide Housing Plan, 2000.
49 Public Policy Institute of California, "Special Survey on Californians and the Environment," June 27, 2002.
50 Diane Wedner, "Fewer New Homes Go On the Block Even as Demand Swells," Los Angeles Times, May 21, 2001.
51 California Building Industry Association, "Where Will They Live: Smart Solutions to California's Housing Crisis," 2000.
52 California Budget Project, Locked Out: California's Affordable Housing Crisis, May 2000, p. 14.
53 California Housing Law Project, http://www.housingadvocates. org (August 2002).
54 1999 American Housing Survey and California Budget Project, Locked Out: California's Affordable Housing Crisis, May 2000.
55 Clarence Senior, Land Reform and Democracy, University of Florida Press, Gainesville, 1958, p. 1.
56 Franklin D. Roosevelt, Looking Forward, John Day Company, New York, 1933, pp. 20-22.
57 Franklin D. Roosevelt, Looking Forward, John Day Company, New York, 1933, pp. 20-22.
58 Kevin Starr, Americans and the California Dream, Oxford University Press, 1973, p. 443.
59 William C. Rohe, Shannon Van Zandt, and George McCarthy, "Social Benefits and Costs of Homeownership: A Critical Assessment of the Research," Joint Center for Housing Studies of Harvard University, October 2001.
60 Saraya Sarhaddi Nelson, "Growing Clout Reshaping Latinos' Image in LA," Los Angeles Times, January 27, 2000.
61 California Department of Finance. Some projections are as high as 75 percent of this growth, including U.S. Census projections.
62 Figure is derived from annual statewide estimated housing need of 250,000 units multiplied by 18 (year 2020 subtracted by year 2002).
63 Little Hoover Commission, "Rebuilding the Dream: Solving California's Affordable Housing Crisis," May 2002.
64 These include phone bill payments, utilities, cancelled checks, etc. See also Fannie Mae Foundation, "Reaching the Immigrant Market: Creating Homeownership Opportunities for New Americans," 2001.
65 Gregory Rodriguez, "The Emerging Latino Middle Class," Pepperdine University School of Public Policy, October 1996.
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