Before we all get too caught up in the hysteria over the proposed affordable housing in downtown Danville, let’s take a look at the actual income requirements that these new residents would have to meet. First, remember that the State of California requires that a portion of new development in all towns be “affordable,” and [...]
Drama continued as more than 200 residents showed up at Danville’s latest General Plan hearing to voice their opposition. The Contra Costa Times reports: A fourth Planning Commission meeting on the subject, held Tuesday, again drew more than 200 people. They spoke late into the night and often passionately against the plan and its provisions [...]
Danville’s next 2030 General Plan meeting will be December 11th @7:40 at the community center next to the library. I would highly encourage you to attend. In short, the proposed 2030 General Plan calls for rezoning 10 downtown acres as high-density development, with 20+ units per acre. This would open the doors for landowners and [...]
Danville is updating it’s general plan, which will include 9.6 acres of high-density, low-income housing to comply with state requirements. The townsfolk are not happy. From The Contra Costa Times: A crowd of about 200 packed into the Danville Community Center and more than 20 speakers told the town’s planning commission to essentially leave well [...]
Government efforts to prop up house prices are in effect mandating unaffordable housing and forcing the next generation to transfer wealth to the current one.
Given the enormous inventory of unsold homes in the marketplace, it’s very easy to claim that the U.S. is simply over-housed. But despite 300,000 new foreclosures per month and a national apartment vacancy rate of nearly 8%, in many metro areas there is still not enough housing for low-income households.
The East Bay’s Alameda County is getting into the house-flipping business. The Oakland Tribune reports County gets $11 million to help neighborhoods Alameda County will receive $11 million from the federal government in stimulus funding to help combat blight and fix up neighborhoods affected by the country’s housing foreclosure crisis. The U.S. Department of Housing [...]