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In June 2019, Google announced that it would invest $1 billion to aid the housing shortage in Silicon Valley. Their plan includes working with local government to lease company-owned land to developers, and creating a $750 million investment fund to incentivize affordable housing construction. [10]
The residential development is located in the north−central Simi Hills, east of the southern end of First Street as it turns into Long Canyon Road, and east of the Wood Ranch community. [1] [2] [3] The area was developed in the mid-1970s, during one of Simi Valley's housing development booms.
One of the seven projects at issue, a rehabilitation of an 84-unit public housing complex in San Francisco’s Hayes Valley neighborhood, will offer two-, three- and four-bedroom apartments for ...
Several federal and state initiatives have targeted this problem, but have failed to provide enough affordable, inclusive, and sustainable housing for New York City residents. The demand for affordable housing in New York City remains high: 2.5 million applications were submitted for 2,600 available affordable apartments in 2016. [63]
Simi Valley is connected to the nearby San Fernando Valley by the Santa Susana Pass in the extreme east of Simi Valley. Simi Valley is located at 34°16'16" North, 118°44'22" West (34.271078, −118.739428) [ 45 ] with an elevation of 700–1,000 ft (210–300 m) above sea level.
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...