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
FULL STORY: Low-income housing project sees financial woes
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Economic & Planning Systems, Inc.
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research