The U.S. has a shortage of 7.2 million rental homes affordable and available to extremely low income renters, whose income is at or below the poverty guideline or 30% of their area median income. Only 35 affordable and available rental homes exist for every 100 extremely...
Santa Monica community rises to meet the regional challenge with increased collaboration, tangible tools and more on-the-ground support Please click here to read the full article on santamonica.gov...
Fannie Mae’s Bob Simpson shares how the GSE is creating innovative financing for healthy homes. Click here to read the full article on Housing Finance's website....
It’s a symptom of a bigger, nationwide problem: the lack of affordable housing near jobs. Click here for the full article on Curbed's website. ...
A group of powerful mortgage industry experts sent out a letter to the House of Representatives Wednesday, demanding that Congress include affordable housing measures in its tax reform. See the full article on the Housing Wire's by clicking here ...
Dear Community Corp friends and affordable housing advocates, A proposed tax reform plan in Congress threatens affordable housing. We need you to help save affordable housing by calling your representative TODAY. If House Committees do not restore essential tax benefits that fund affordable apartments by this Wednesday, November...
The proposed elimination of private-activity bonds (PABs) would devastate the production and preservation of affordable housing across the country. Roughly half of all low-income housing tax credit (LIHTC) developments utilize tax-exempt bonds and 4% credits, and losing the use of the bond program could mean roughly...
The wooden frame of the Arroyo, a new affordable housing complex, is now rising just steps from the Expo Line in Downtown Santa Monica. The five-story building, located at 1626 Lincoln Boulevard, will be owned and operated by the nonprofit Community Corp. of Santa Monica. Plans call for 64...
In a first, the City of Santa Monica is opening a wait list of affordable housing especially for moderate-income earners who live or work in the city. See the full article on the Santa Monica Lookout's website by clicking here....
The Santa Monica City Council unanimously endorsed the final draft Downtown Community Plan (DCP) at last night’s Council meeting on July 11, 2017. This result came after a six year-long planning process that concluded with more than 100 community members providing public testimony on the...