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...
A new report by the California Housing Partnership Corporation released Monday revealed that L.A. County was short more than half a million affordable rental homes to meet the needs of the region’s low-income residents. Read more here ...
Nonprofit affordable housing developer Community Corporation of Santa Monica broke ground last week on a new five-story project called The Arroyo that will include 64 apartments available to low-income tenants. See the full article on the Curbed Los Angeles' website, Here...
Compared to the 900,000 square feet in apartment/mixed use projects that might one day be its neighbors, the building in progress at 1626 Lincoln Boulevard in Santa Monica is tiny. See the full article on the Santa Monica Lookout's website, Here...
Community Corporation of Santa Monica, the city’s lead nonprofit affordable housing provider, held a ceremony Tuesday to celebrate the organization’s newest project, The Arroyo. See the full article on the Santa Monica Next website, Here...
Interest in solving homelessness has intensified over the past year. But there’s a side to the crisis that hasn’t garnered as much attention — entire families are slipping into homelessness. There are more than 16,000 homeless families in L.A. County alone. Here’s why that’s happening. Click...
As California’s Legislature braces for a Trump presidency, the tangled trifecta of development, affordable housing and homelessness continues to occupy minds in Santa Monica. Business and affordable housing advocates, ever capricious comrades, expressed a collective sigh of relief at the demise of development-restricting Measure LV in...