The City Needs to Build and Own More Affordable Units
According to a recent Zillow report: “Denver, Los Angeles, San Francisco, San Jose, and San Diego are unaffordable for both renters and buyers. … Looking forward, the picture doesn’t look bright for renters. Rents will likely keep rising at roughly their current pace for at least the next few years, which will lead to a continued affordability crunch unless wage growth significantly improves.”
Enter the San Diego Housing Commission (SDHC) whose job is to redress the balance of unaffordable rents to make it possible for San Diego to be inhabited by other than rich folks.
The San Diego Housing Commission (SDHC) does a variety of projects to assist low and moderate income folks. From their website, it would seem that they are doing a lot, but is it merely tokenism or are they using all available resources to build affordable housing as quickly as possible? After all, there is a declared emergency in terms of the increasing numbers of the homeless population that aren’t being taken care of. [Read more…]