Agriculture companies in California and elsewhere are not obligated to house employees, nor is much state or federal money set aside for farmworker housing. In Salinas Valley, which is the fifth least affordable place to live in the United States, one company may be bucking the trend.
A recent McKinsey Global Institute report, A tool kit to fix California’s housing gap: 3.5 million homes by 2025, specifically addresses the chronic housing shortage in California. The report’s objective is to present a practical blueprint to ensure access to affordable housing.
As concerns continue to grow about the thousands of affordable housing units currently financed through the U.S. Department of Agriculture (USDA) Section 515 Rural Rental Housing loan program, which could be at risk once the loans mature or are paid in full, USDA Rural Development announced plans to help nonprofits’ efforts to retain those units.
RCAC was awarded more than $1.1 million this week from the United States Department of Housing and Urban Development’s (HUD) Community Compass program. RCAC will use the funds to provide technical support to HUD customers to navigate complex housing and community development challenges, and to equip them with the knowledge, skills, tools, capacity and systems to implement HUD programs.
Thousands of affordable housing units currently financed through the U.S. Department of Agriculture (USDA) Section 515 Rural Rental Housing loan program could be at risk once the loans mature or are paid in full.