It’s no secret that we have a housing crisis in Aptos and in Santa Cruz. To begin to address the issue, the Santa Cruz Housing Solutions Initiative has been created. The Housing Solutions Initiative aims to provide affordable housing for local workers and vulnerable populations through a bond measure of up to $250 million, proposed for passage by voters in the fall. On Wednesday, April 11th, 2018 at 5:30 PM there will be a community meeting of the Housing Solutions Initiative at Twin Lakes Church.
The planned bond measure would provide investment in affordable housing through four distinct funds:
- Affordable Rental Housing Development Fund to create and preserve affordable rental housing by funding land acquisition and development costs.
- Home Ownership Fund to facilitate first-time home ownership and help vulnerable homeowners keep their homes.
- Homelessness Fund to support permanent supportive housing, transitional housing and emergency services facilities.
- Innovation & Opportunity Fund to make it possible to respond quickly to opportunities to preserve and expand affordable rental housing and/or prevent tenant displacement.
Supervisor Zach Friend and Capitola Mayor Michael Termini will host this community meeting. Learn more about the proposal, and share your thoughts and experiences.
Remarks will start at 6 p.m.