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California housing charities at a loss |
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Nonprofit agencies in Santa Barbara County, California, attempting to provide housing and services for the county's low-income seniors, farm workers and even some of what used to be middle-class workers, such as school teachers and public safety workers, are running smack-dab up against the real estate bubble.
With land prices doubling in only just over four years, the escalation of land values only worsens the situation with regard to providing affordable housing, but strengthens the argument for in-fill development, including mixed-use zoning in a city's core.
Full story in Santa Maria Times.
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