Reuters – July 20
From building sea walls to nurturing “living” seashores, an array of potential solutions to rising sea levels have been discussed by local authorities up and down the coast, but all are expensive and none had come up with a way of addressing the cost - until now. Under a proposed state bill, a “revolving” fund would be set up to provide soft loans for cities to buy vulnerable seaside properties from willing sellers, and then rent them back to the owners or tenants for as long as they remained habitable. The proposal has been billed as the first strategic attempt to address the task of moving coastal cities back from rising seas, and it could also help local government leaders maintain the stream of revenue with rental income.
San Joaquin County Fairgrounds targeted for affordable housing development
Under Governor Newsom s Excess Land for Affordable Housing Executive Order, 110 of the 250 acres of fairground land is expected to be developed Author: Kurt Rivera Updated: 6:35 PM PDT July 20, 2021
STOCKTON, Calif. Since 1860, the corner of Dr. Martin Luther King Jr. Blvd and South Airport Way has been home to the San Joaquin County Fairgrounds.
Now, it s being targeted for affordable housing. So this is a significant investment in Stockton, said Stockton Mayor Kevin Lincoln.
The project falls under Governor Gavin Newsom s Excess Land for Affordable Housing Executive Order.
110 of the 250 acres of fairground land will be turned into affordable housing and mixed use housing.
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Stockton City Council discussions at its regular meeting Tuesday evening included issues such as funding for housing affordability, grant funding and the city s homeless encampments.
A public hearing was scheduled during the meeting for the city s 2021-2022 annual action plan, which outlines how funds from federal grant programs will be spent in the city throughout the fiscal year.
The more than $5 million comes from the U.S. Department of Housing and Urban Development through the Community Development Block, HOME Investment Partnerships and Emergency Solutions grant programs.
The city says the money will fund 27 grants to 24 agencies that will assist low‐income persons and address the City’s five primary goals and priorities to guide efforts to address Stockton’s priority housing and community development needs, which include housing services for the homeless, affordable housing, services for special needs, support for economic development and public services.