In a move that would shift the way Santa Barbara provides affordable housing and work force housing, the city is pondering a plan to spend $2 million in reserves to buy land and save it for future projects.
Councilman Das Williams, who campaigned on a platform of providing affordable housing, proposed the idea. But it is being met with some resistance by the city administrator, finance staff and fellow council members Roger Horton and Dan Secord, who sit on the city's finance committee.
They contend the timing is wrong because the city is raising fees, cutting costs and spending reserves to balance a $35 million budget deficit next year.
For more on this subject please click on City Looks at Buying Land for Housing
Posted by gandlwoods at June 9, 2004 09:10 AM