The San Gabriel Valley Regional Housing Trust announced Wednesday that the agency has funded over 1,000 affordable housing units regionwide, marking a key milestone in efforts to temper the housing crisis that has spanned multiple generations of Southern California residents.
The Housing Trust’s portfolio now includes 1,038 affordable housing units and over 130 units of interim housing shelter in the San Gabriel Valley.
The milestone announcement followed the Trust’s go-ahead for funding the Mission Suites project in Pomona to preserve 119 affordable housing units.
Officials said the project will preserve affordability restrictions that otherwise would have expired by 2030, potentially placing low-income residents at risk of displacement. The apartment building in the 1300 block of Mission Avenue includes one-, two- and three-bedroom units housing individuals and families earning at or below 60% of the area median income.
Pomona’s area median income for a family of four is just over $133,000, according to the city. The current AMI for a household of one individual is $93,300.
Mission Suites is the first project to preserve affordable housing with funds from the Housing Trust and is supported via the state’s Permanent Local Housing Allocation program.
“This milestone is more than just a number; it represents real people, families and children who are off the streets and in safe, stable living situations,” SGVRHT Board Chair Emmanuel J. Estrada said in a statement.
The Housing Trust was established to help finance affordable housing developments and supportive housing projects throughout the region. The joint powers authority includes 25 San Gabriel Valley cities that work with the San Gabriel Valley Council of Governments.
Officials said the trust remains focused on expanding affordable housing opportunities, reducing homelessness and preserving existing housing for lower-income residents throughout the region.
According to realtor.com, in April the median asking rent for 0-2 bedrooms in Los Angeles County was $2,241, a decline of $135 or 5.7% from the previous year. Rent for units with three or more bedrooms dropped by $103 or 2.8% compared with the first quarter of 2025, averaging $3,585.
Additional information is on the SGVRHT website.