Three affordable-housing programs in San Diego are failing or costing the citymillions more than expected.
A low-income apartment project in San Diego has been denied $5.5 million instate tax credits because of excess demand, a decision that may force the cityto fund more of the $8 million project. In addition, a rental fix-up subsidyprogram is "fizzling" because of its stipulation that landlords keep theapartments affordable for 15 years. Also, a $75,000 home-buyers subsidy findsvery few takers since there are almost no homes available under the program's$250,000 limit.
Thanks to Tom Newman
Read the full story: Low-income housing project sees financial woes
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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