For most housing developments, the cost of land is one of the most expensive factors. The City offsets this cost by giving land at little or no cost to affordable developers.
The 2020 Affordable Housing Bond funded $16 million to buy land near for affordable housing near transit. Since 2016, the City has contributed 20 sites at little to no cost to affordable developers. This has created more than 700 units of affordable housing.
The City uses publicly-owned land to address the shortage of affordable housing. Watch the video below to learn more!
Public Land for Affordable Housing
Want to learn more about what affordable housing is and how the City is tackling the affordable housing puzzle? View more videos and resources on the Affordable Housing 101 page.
