California’s lack of affordable housing is severe and well-documented. One recent estimate says the state needs 1.4 million more affordable rental homes to ease the burden on low-income families. But the state’s convoluted process for financing that housing — and the effect it can have in gumming up development — is less apparent.
SOLANA BEACH, Calif. — When developer Ginger Hitzke first proposed an affordable housing complex on a parking lot in Solana Beach, she envisioned building 18 new homes for low-income families and adults at a cost of $414,000 per apartment. More than a decade later, her project has shrunk in size by nearly half and become more than twice as expensive. 4/9/2020: Twitter Read More