The City Council has long talked about the need to support affordable housing in Santa Monica and a pair of items at this week’s meeting will earmark significant local money for housing construction and preservation.
The two proposals take different approaches to preserving housing. The first targets the actual housing supply while the second protects vulnerable tenants who could losing housing due to financial stress.
The first item is a recommendation from the city’s Housing Commission to establish a new housing trust fund.
The second item on the July 25 agenda would create a pilot program to help low income seniors pay their rent.
Read More: http://smdp.com/council-to-debate-subsidies-for-affordable-housing/161858