Tag Archives: Treasurer’s Office

‘It’s A Shame’: California Squandered $2.7 Billion For Affordable Housing, Audit Says

2020_11_20 CapRadio article Andrew Nixon

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.

Date: November 20, 2020 Author: Amanda Isbell

Affordable housing can cost $1 million in California. Coronavirus could make it worse

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

Date: April 09, 2020 Author: Amanda Isbell