It’s a shame, and a disadvantage to the city, that many residents feel forced out if they want to buy a home. And, what about long term renters who don’t have the funds to put a down payment anywhere? 

We can start to address this. We have the units, the financial assets, the infrastructure, and even the management right here in Santa Monica!  It’s all in the great public housing agencies that were developed 40 years ago to address affordability in the rental sector. They are a roaring success, have mushroomed in size and importance, and could be adapted to be at the center of the next revolution in affordable housing–affordable ownership.

Read More: https://smmirror.com/2024/05/sm-a-r-t-column-a-path-to-affordable-ownership-in-santa-monica/