STATE HOUSING FUNDS RESERVED FOR IMPERIAL AND RIVERSIDE COUNTY
Garcia’s district demonstrates need for affordable housing
SACRAMENTO—Assemblywoman Bonnie Garcia (R–Cathedral City) announced today that the California Department of Housing and Community Development (HCD) has reserved funding from the HOME Investment Partnerships (HOME) Program for projects in Imperial and Riverside County. These funds will be used to help provide homeownership opportunities and increase affordable rental housing for low income residents.
Garcia said, “Rising prices have made it nearly impossible for working families to pursue the American dream of owning a home. These programs will help make that dream a reality. As the Vice Chair of the Assembly Committee on Housing and Community Development, I will fight to make sure we take advantage of every available dollar that helps us to lift families from poverty and strengthens communities across California.”
According to the Census Bureau, California has one of the nations’ lowest rates of homeownership. While Imperial County and the Coachella Valley still benefit from housing costs that are below the state average, many residents live below the poverty level and year-round employment remains out of grasp. The 8.4 million dollars allocated for the region are part of the $90 million being awarded statewide to helps build more affordable housing.
The following is the 2004 HOME Award List for the 80th Assembly District:
• City of Calexico $3,500,000
• City of Coachella $800,000
• City of Holtville $600,000
• County of Imperial $3,500,000