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As one example, a one-bedroom moderate-income-restricted apartment in Santa Monica that costs $2,774 per month requires an annual income of $110,960 to afford without spending more than 30% of one ...
Century provides development capital to both for-profit and not-for-profit developers seeking to build housing that will be rented at affordable prices to persons and families who have moderate-, low-, very low- and extremely low-incomes throughout California. Most of these developers utilize government subsidy program funds as long-term (>20 ...
Clovis agreed to establish a local housing trust fund, kick in $1.8 million to support affordable housing development and designate two city-owned properties (650 Fowler Ave. and 354 Osmun Circle ...
With the growth of Silicon Valley, the City of San Jose has been tasked by the California Department of Housing and Urban Development to build 23,775 units of low-income housing by 2031. Of those 23,775 units, 15,088 will be designated for extremely low-income and very low-income households.
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
Religious institutions and nonprofit colleges in California could soon turn their parking lots and other properties into low-income housing to help combat the ongoing homeless crisis, lawmakers ...