Finding Affordable Financing | Comstock's magazine
Consider the Rubik’s Cube challenge of assembling money to pay for an affordable housing project. In October 2019, California Gov. Gavin Newsom’s office issued a statement highlighting a plan by the Capitol Area Development Authority — a joint state and Sacramento city agency — to construct an apartment building at 1322 O St. in Sacramento. Built on excess property donated by the state, it’s part of the governor’s initiative to use surplus land for affordable housing. As endorsements go, it doesn’t get much better. If it’s built, the project will cut re...
Source: comstocksmag.com