Plentiful Affordable Housing Spreads in Santa Monica

March 18, 2011 / Russell Legato, Residential Property Analyst

Affordable housing in the United States is hard to come by, but in Santa Monica, California, housing units are still available. According to Jim Kemper, Housing Administrator at Santa Monica, there are still 4000 affordable housing units, about 8 percent of the total rentable units available all over the city, which are not localized in one area alone.

Plentiful Affordable Housing Spreads in Santa Monica

In Los Angeles, inline with affordable homes and apartment units, Watts Labor Community Action Committee and Affordable Housing CDC Inc celebrates the opening of affordable apartment project located at 9315 Firth Boulevard in Los Angeles. The units, according to a report, will be allocated for people earning $15,000- 45,000 per year.

Affordable housing Santa Monica includes the recently purchased 20 prefabricated mobile homes, which now sat at Mountain View Mobile Park, and the special needs residence’s 46-unit Single Room Occupancy on 5th Street close to Colorado Boulevard.

Another affordable housing or Village project will also be available for the public after the redevelopment of the Civic Center.

Renting prices for affordable housing in the city vary, but prices usually start at $1,000 to $1,200 per month for a low income two-bedroom home unit.

According to Kemper, affordable housing developers who want to build in the city are required to allocate few units (20 percent of the total units dedicated for “low income” units) to be rented below the current market value.

For now, applicants for the affordable housing are responsible to personally apply in the city, but Kemper also said that there would be a master plan for all the interested renters and applicants.

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