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Filling the 'missing middle' in LA's housing market is focus of new government program. Will it pay off?


Filling the ‘missing middle’ in LA’s housing market is focus of new government program. Will it pay off?
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The Oceanaire apartment complex in downtown Long Beach was originally a luxury building, with a studio costing $2450 in rent per month. Now thanks to a government program, the same studio could cost $1841/month for some tenants.
Photo by Anna Scott/KCRW.
The Oceanaire apartment complex in downtown Long Beach, a short walk from waterfront, opened two years ago as a typical luxury project: sleek architecture, amenities like a 24-hour gym and jacuzzi, and rents starting around $2,450 a month for a studio. ....

United States , Long Beach , City Of Long Beach , Sean Rawson , Jon Penkower , Anna Scott , Councilmember Bob Blumenfield , City Council , Waterford Property Company , California Statewide Communities Development Authority , Workforce Housing Program , City Councilmember Bob Blumenfield , Long Beach City Council , ஒன்றுபட்டது மாநிலங்களில் , நீண்டது கடற்கரை , நகரம் ஆஃப் நீண்டது கடற்கரை , சீன் ராஸந் , அண்ணா ஸ்காட் , நகரம் சபை , வாட்டர்ஃபோர்ட் ப்ராபர்டீ நிறுவனம் , கலிஃபோர்னியா மாநிலம் தழுவிய சமூகங்கள் வளர்ச்சி அதிகாரம் , தொழிலாளர்கள் வீட்டுவசதி ப்ரோக்ர்யாம் , நீண்டது கடற்கரை நகரம் சபை ,

California Bond Program Helps Cities Secure Middle-Income Housing Without Upfront Cost


California Bond Program Helps Cities Secure Middle-Income Housing Without Upfront Cost
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Web Only Dec 18, 2020 By Jared Brey, Next City
California, it’s no secret, needs more housing.
A new program run by the California Statewide Communities
Development Authority is designed to help cities meet their goals
for housing middle-income residents, those earning between 80
percent and 120 percent of the area median income. The authority
issues tax-exempt bonds to help cities pay for development
projects that have some public benefit. Since it was created in
1988, the authority has helped finance more than 100,000
affordable-housing units, as part of deals involving federal
low-income housing tax credits and other subsidies. ....

Long Beach , United States , Orange County , City Of Anaheim , San Diego , Yolo County , Los Angeles , Miguel Hernandez , Jon Penkower , Lauren Gold , Orange County Congregation Community Organization , California Statewide Communities Development Authority , Workforce Housing Program , California Statewide Communities , Development Authority , Workforce Housing , Area Median Income , Platinum Triangle , Anaheim Based Orange , County Congregation Community Organization , San Jose , நீண்டது கடற்கரை , ஒன்றுபட்டது மாநிலங்களில் , ஆரஞ்சு கவுண்டி , நகரம் ஆஃப் அனாஹெய்ம் , சான் டியாகோ ,

New California Bond Program Promotes Affordability for Middle-Income Renters


New California Bond Program Promotes Affordability for Middle-Income Renters
The California Statewide Communities Development Authority hopes that a new program, which helps cities purchase rental properties with no upfront cost, will lead to an increase in affordable middle-income housing.
December 16, 2020, 9am PST | Diana Ionescu |
California s Statewide Communities Development Authority (CSCDA) is launching a new bond program aimed at making housing affordable for middle-income residents.
Through its current initiatives, the CSCDA issues bonds that help cities pay for new housing development projects that include affordable units for low-income renters. But many moderate-income renters fall through the cracks when it comes to housing assistance, says CSCDA managing director Jon Penkower. Those who earn too much to qualify for subsidized housing but not enough to afford market rates, he says, can’t get tax credits, there’s no federal subsidy, no state ....

United States , Jon Penkower , California Statewide Communities Development Authority , Workforce Housing Program , Statewide Communities Development Authority , Platinum Triangle , ஒன்றுபட்டது மாநிலங்களில் , கலிஃபோர்னியா மாநிலம் தழுவிய சமூகங்கள் வளர்ச்சி அதிகாரம் , தொழிலாளர்கள் வீட்டுவசதி ப்ரோக்ர்யாம் , மாநிலம் தழுவிய சமூகங்கள் வளர்ச்சி அதிகாரம் , வன்பொன் முக்கோணம் ,