ACTION Apartment Association - Nearly a Quarter of All Low-Income HUD Housing in Santa Monica at Risk

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Nearly a Quarter of All Low-Income HUD Housing in Santa Monica at Risk

Nearly a Quarter of All Low-Income HUD Housing in Santa Monica at Risk

04/26/2016 7:23 AM | Margaret Fulton (Administrator)

Nearly a quarter of all low-income HUD rental buildings in Santa Monica will be at risk in the near future, as federal loans come due and owners decide whether to continue current operations or move to sharply higher market rates, according to a new City report.