Peoples' Self-Help Housing receives $1.7 Million from Prop 46 Awards for Central Coast Affordable Housing
San Luis Obispo—In an announcement by the California Department of Housing and Community Development, 36 California counties received 162.9 million to provide affordable housing affecting more than 10,000 hardworking California residents.
A substantial award of $1.7 million was granted to the Central Coast's own Peoples' Self-Help Housing, which has been providing affordable housing for 35 years. The money was awarded to a future affordable housing complex in Avila Beach, now in the early planning stages. The 33 unit apartment building is slated for completion in 2007.
Since the passage of Proposition 46 in November, 2002 the Department of Housing and Community Development has awarded funds to create or provide incentives for more than 63, 000 affordable rental or owner occupied homes and shelter spaces throughout California.
"This award will ensure housing for 33 more families on the Central Coast and increases the supply of affordable housing for California's workforce and low income residents. It is also extremely gratifying for Peoples' Self-Help Housing to be recognized on such a significant level for the important work that we do," said Jeanette Duncan, Executive Director of Peoples' Self-Help Housing.
The $162.9 million will benefit the economies of the communities in the 36 counties through the construction activities and jobs the awards will generate:
$131 million in commitments through the Multifamily Housing Program will provide permanent low-interest loans for the construction of new affordable apartment homes and rehabilitation of existing affordable units.
$8.9 million in commitments through the Joe Serna, Jr. Farmworker Housing Grant Program which offers loans and grants for construction and rehabilitation of affordable owner-occupied and rental apartment homes for farm workers and their families.
$23 million is awarded through the Workforce Housing Program which provides financial incentives to cities and counties for issuance of building permits for 7,874 new homes for lower income households.
The California Department of Housing and Community Development (HCD) provides leadership, policies and programs to preserve and expand safe and affordable housing opportunities and promote strong communities for all Californians.
In addition to the over 1000 homes in the Self-Help home ownership program, Peoples' Self-Help Housing owns and manages over 1200 affordable rentals. The organization also provides health and community services including education and job training. www.pshhc.org