Housing News Roundup: July 13, 2015
S.F. Affordable Housing Can’t Keep Up With the Demand
San Francisco neighborhoods are losing rent-controlled developments nearly as fast as they are adding new affordable homes, according to a new Housing Balance Report. From 2004 to 2014, the city added 6,559 affordable units and lost rent controls in 5,470 units. The report comes while the city is increasing its focus on the housing affordability crisis. At least 5 new housing affordability efforts are under consideration, including a housing bond, public land use priority, and a market-rate development moratorium.
Source: San Francisco Chronicle
California Affordable Housing Project Helps Seniors, Veterans
California state officials announced that Valley View Senior Homes, one of 17 projects in the state to create affordable housing for seniors and veterans, will receive $2.8 million in financing through Proposition 41 and the Veterans Housing and Homeless Prevention Program. Currently, affordable housing in the region is mostly found in mobile home parks. However, the developer, Satellite Affordable Housing Associates (SAHA), plans on creating 70 cottages to promote a sense of community. Aubra Levine, SAHA’s associate director of housing, said the apartments will be targeted at households making approximately $50k or less. SAHA also plans on reserving 22 of the units for veterans aged 55 or older. “This is an unusual project for American Canyon, a place of single-family homes,” said Brent Cooper, the city’s community development director. “The goal here is a site designed to foster interaction between the residents.”
Source: Napa Valley Register
Why 175 Public Housing Units Sit Empty in Hawaii
A lack of funding is forcing the Hawaii Public Housing Authority to leave 164 public housing units in need of repair and empty. The problem is expected to grow even worse when the legislature ends an exemption that allows for cheaper maintenance teams. The housing authority estimated it would need about $9.5 million to renovate the vacant housing; the legislature approved only $4.1 million. “When you have $820 million of backlog and you ask for $180 million and you get $4.1 million, it’s very difficult to do much,” said the housing agency’s director, Hakim Ouansafi.
Source: Honolulu Civil Beat