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The Santa Barbara Student Housing Coop (SBSHC) is a student housing cooperative designed to provide affordable housing for students attending post-secondary institutions in Santa Barbara County. The first coop was established in 1976, and today consists of five houses; Newman, Manley, Dolores, Biko and Merton.
Prior to the 2008 recession, pressure to build new housing in the area had been intense, due to two reasons: the area contained the largest number of undeveloped parcels on the South Coast, and there was a general lack of affordable housing in the Santa Barbara area, as the median home price in 2005 had reached approximately 1.3 million dollars ...
In California housing costs are exceptionally high and the supply of affordable housing is low. California ranks 49th among U.S. states in housing units per capita. [19] As of 2021 California had only 24 available homes that were considered affordable for every 100 lowest-income renter households. This creates a deficit of about one million ...
Located in eastern central California, Mono County is the only county in the state where real estate prices are lower now than they were 10 years ago. Mono County has a population of 13,195.
The San Diego Housing Commission currently owns 2,221 affordable housing units and plans to expand that number in the future to meet the growing demand. [60] In 2009, the San Diego Housing Commission implemented a finance plan that created 810 more units of affordable rental housing through leveraging the equity of its owned properties.
A housing shortage has recurred and apparently reached the crisis stage. In a 2014 California treatise on real estate development, the authors opined that "[C]ommunities across California continue to confront the challenge posed by a scarcity of housing, particularly of affordable housing. In the last several decades, housing production in the ...
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