Culver City council and Assemblymember Holly Mitchell will host a round table discussion on Fri. Feb. 8 from 9 a.m. to noon at the Mike Balkman Chambers at city hall.
The meeting will discuss the future of affordable housing in Culver City.
Leaders from the affordable housing development communities examine ways to create permanent sources of funding using local zoning to create affordable housing.
With the loss of redevelopment funds, the city is working to find ways to sustain affordable housing.
“With the approval of the city council of the first three years of the Comprehensive Housing Strategy in 2008, Culver City was poised to create 54 affordable housing units by 2013 and projected to create 264 affordable housing units by 2015.
Culver City’s Tilden Terrace commenced construction last year and will redevelop an entire block with a place-making, mixed-use affordable housing development.
These residences represent the first affordable family housing units created in 10 years in Culver City.
All of these units were funded significantly by the Redevelopment Agency’s Low and Moderate Income Housing Fund.
In 2011, efforts to construct new affordable housing units came to a halt, and nearly 20 percent of the 54 units and all other future affordable housing units may never be built.
It has been one year since the devastating loss of the Low and Moderate Income Housing Fund through the elimination of Redevelopment Agencies.
Culver City lost $8 million annually, resulting in a significant blow to the creation of affordable housing in Culver City. Other cities throughout the state have felt similar impacts,” according to a statement issued by the city.
